XRP Clears Path to Nasdaq Listing With Evernorth Merger Approval

A major milestone for XRP has been cleared, paving the way for its listing on Nasdaq. Evernorth's merger with Armada Acquisition Corp. II received shareholder approval, allowing its 473 million XRP treasury to trade under ticker XRPN.

The vote passed with approximately 20.5 million shares in favor and 1.4 million against. This follows the SEC declaring Evernorth's registration statement effective on August 27.

Private placements have raised over $1 billion, which is expected to increase institutional exposure and market impact for XRP liquidity.