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Evernorth Set to Debut as Largest Publicly Traded XRP Treasury Company

Guavy AI Editorial Team
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XRP
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Evernorth is set to make its Nasdaq debut as the largest publicly traded pure-play XRP treasury company. The firm expects to hold 473 million XRP after closing a merger with Armada Acquisition Corp. II, subject to final conditions and Nasdaq approval.

Trading will begin under the ticker XRPN, positioning Evernorth for success in the crypto market. Asheesh Birla, founder and CEO of Evernorth, stated that 'we plan to enter public markets as blockchain utility continues to grow, and we believe institutional finance will increasingly be built on-chain.'

Ripple, SBI Group, Kraken, Pantera Capital, GSR, and Arrington Capital are among Evernorth's shareholders. The firm plans to actively deploy its XRP into ecosystem infrastructure and strategies aimed at increasing the amount of XRP backing each share over time.

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