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Regulation

Who Really Owns Nasdaq's New XRP Stock? Fresh SEC Filing Names Key Ripple Insiders

Image: U.Today

On October 12, official trading in shares of Evernorth Holdings Inc. (XRPN) began on the Nasdaq exchange. Simultaneously with the start of the full trading session, the issuer filed a fresh Form 8-K regulatory report with the SEC. The document corrected technical inaccuracies in the previous releases and recorded the final distribution of stakes among anchor investors, lifting the veil on exactly who controls the new XRP treasury . According to the first-day trading report, Evernorth's treasury assets were formed through a direct exchange of XRP tokens for equity in the combined company (in-kind swaps).

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