Evernorth Project Plans $1B XRP Treasury Listing on Nasdaq

The Evernorth Project, supported by Ripple and advised by CTO David Schwartz, aims to create a $1 billion public treasury for XRP listed on Nasdaq, providing a regulated and compliant vehicle for institutional investors to access XRP without directly owning the cryptocurrency. This initiative seeks to bridge traditional finance with digital assets, potentially unlocking billions of dollars for XRP and legitimizing it in institutional portfolios. Meanwhile, Crypto.com has partnered with South Korean fintech Travel Wallet to facilitate easier global crypto spending and payments, leveraging Travel Wallet's extensive user base and utilizing Crypto.com's crypto-as-a-service technology and KRW-based stablecoin to enable seamless and faster transactions. These developments reflect broader trends in digital finance, where innovations like regulated crypto investment vehicles and integrated payment platforms are expanding cryptocurrency adoption in mainstream financial systems. Additionally, digital identity systems are gaining traction worldwide, promising easier access to financial services, especially for the unbanked, though concerns about privacy, surveillance, and exclusion remain significant. Decentralized solutions such as crypto payroll are proposed to mitigate these risks by enabling financial freedom outside traditional banking infrastructures.