Evernorth, a company backed by Ripple, has filed an S-4 form to go public through a Special Purpose Acquisition Company (SPAC). The move aims to position Evernorth as a Nasdaq-listed XRP treasury company, marking a significant step in its growth strategy.In other developments, the SEC has approved a Nasdaq rule change that will allow the trading of tokenized securities, potentially broadening the scope of digital asset trading on the exchange. Meanwhile, the FTX Recovery Trust is set to distribute approximately $2.2 billion to creditors in its fourth payout scheduled for March 31, 2026, as part of its ongoing efforts to resolve claims.