Evernorth Holdings, a newly formed Nevada corporation (“Evernorth”) that will enable XRP adoption on an institutional scale, announced its plan to go public through a merger with Armada Acquisition Corp II, raising over $1 billion to build the world’s largest institutional XRP treasury. The newly listed company, trading under the ticker “XRPN,” aims to provide investors with transparent, liquid exposure to XRP while actively growing its holdings through institutional lending, liquidity provision, and DeFi yield strategies. Led by former Ripple executive Asheesh Birla, Evernorth seeks to drive broader institutional adoption of XRP by combining traditional finance yield mechanisms with participation in decentralized finance.
Evernorth to Go Public With Over $1 Billion in Gross Proceeds
