Crypto
XRP Enters Nasdaq as Evernorth Merger Secures SEC Approval
Ripple's XRP is set to list on Nasdaq under the ticker XRPN after the SEC approved Evernorth's Form S-4 registration statement.
The decision clears the main legal obstacle for the merger with Armada Acquisition Corp. II, allowing Evernorth to enter the public market.
Evernorth plans to actively manage its XRP treasury, deploying hundreds of millions of tokens across blockchain infrastructure.
The company aims to generate yield within the ecosystem and increase the number of tokens per share.