Evernorth Votes to Trade Publicly as XRP Treasury Company

A major milestone is approaching for XRP as Evernorth nears a crucial vote on its proposed business combination with Armada Acquisition Corp. II.

The shareholders of Armada Acquisition Corp. II will cast their ballots on September 30, deciding whether to approve the deal that would make Evernorth the next cryptocurrency-related company to go public under the XRPN ticker.

If approved, this would clear the last major hurdle for Evernorth's $XRP-focused treasury company to begin trading publicly.

Evernorth currently holds approximately 473 million XRP and intends to actively deploy the cross-border token across the ecosystem through various strategies, including yield investments, infrastructure participation, and capital-markets activity.

This approach is distinct from a passive $XRP fund, as Evernorth aims to increase the number of coins represented by each share over time.