Uphold lists XRPN, the public stock backed by Evernorth's XRP treasury
- —XRPN is the equity of Evernorth, which debuted on Nasdaq on October 12 after merging with Armada Acquisition Corp. II
- —The company holds about 473 million XRP and roughly $300 million in gross cash proceeds
- —Uphold offers fractional shares in-app; Apex Clearing acts as custodian
- —Evernorth plans to deploy its XRP treasury into institutional strategies from Q4 2026
Why it matters: The listing gives retail investors another route to XRP exposure through equities rather than the token itself.
Source: U.Today