Evernorth, with 473M XRP treasury, heads to Nasdaq under ticker XRPN
- —Armada Acquisition Corp. II shareholder vote on the merger with Evernorth is set for September 30
- —Evernorth's treasury has topped 473.3 million XRP, including the purchase of 84.4 million tokens for $214 million
- —After approval, the company expects to trade on Nasdaq under the ticker XRPN
- —U.S. spot funds already hold about 1.1 billion XRP
Why it matters: A new public vehicle for XRP exposure beyond ETFs emerges, which could support demand for the token after the CLARITY Act setback.
Source: Coinpaper