Evernorth Set for Nasdaq Debut as Largest Public XRP Treasury
Evernorth is on the cusp of creating the largest XRP treasury in the public market. On October 8, the company will begin trading on Nasdaq under the ticker XRPN, offering investors direct exposure to XRP through a publicly traded company structure.
The regulatory and corporate hurdles have been cleared: shareholders of SPAC Armada Acquisition Corp. II approved the business combination on September 30, 2026. This was confirmed by Evernorth CEO Ashish Birla, who is a former Ripple executive.
Evernorth's merger with Armada II will be finalized on October 7. The company has built a substantial financial foundation, with approximately 473 million XRP on its balance sheet, making it the world's largest 'pure-play' XRP treasury among publicly traded companies.