Reported about 9 hours ago
Evernorth, a new crypto venture supported by Ripple, has announced plans to go public on Nasdaq through a merger with Armada Acquisition Corp II, aiming to raise over $1 billion. This initiative will focus on accumulating XRP, which is associated with Ripple and is one of the largest cryptocurrencies by market capitalization. The move follows the resolution of a significant lawsuit against Ripple and aims to enhance the institutional adoption of XRP in capital markets. The merger is expected to close in early 2026, positioning Evernorth as the largest publicly traded XRP treasury company.
Source: YAHOO