Exchanges· ★★★★· bullish·

Evernorth Eyes Nasdaq Debut With 473M XRP Treasury

  • —Shareholders approved the business combination with Armada Acquisition Corp. II on Sept. 30
  • —Expected gross cash proceeds at closing are about $300 million
  • —Evernorth is expected to hold roughly 473 million XRP after closing
  • —Backers include Ripple, Pantera Capital, Kraken, SBI Group and GSR
Why it matters: The largest public XRP treasury gives institutions regulated exposure to the token and sets a template for other crypto treasury vehicles.
#XRP
Source: DailyCoin
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