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A Ripple-linked initiative is positioning itself as a potential bridge between traditional finance and XRP (CRYPTO: XRP), but its success may depend on execution and broader market conditions.
‘Strategy-Like’ Model For XRP Exposure
Speaking at a live event in Las Vegas, Ashish Birla of EvernorthXRP outlined plans to offer investors equity-style exposure to XRP through a proposed ticker, XRPN.
The model is like Strategy’s Bitcoin (CRYPTO: BTC) treasury approach, but with an added layer of active management.
Rather than simply holding XRP, Evernorth aims to deploy its holdings into yield-generating strategies over time. …
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