{"5499665021c56a98c411d2aa3a1b11b5":"Evernorth, backed by Ripple and a coalition of major blockchain investors, has revealed plans to go public while building the largest XRP treasury in history. The firm\u2019s upcoming merger with Armada Acquisition Corp II will pave the way for its listing on Nasdaq, under the ticker XRPN.","0362d3e7d077585d99b5581fa46d9951":"A Billion-Dollar Bet on XRP\u2019s Institutional Future ","dc94d88fc91955b1bcbb8ccaabfa99e0":"Evernorth intends to raise over $1 billion through its public transaction, including $200 million from SBI Holdings and additional backing from Pantera Capital, Kraken, Rippleworks, GSR, and other high-profile firms. Ripple co-founder Chris Larsen has also joined as a direct investor.","87cadb696a0d5ff278360883bf0c27d8":"The funds will be used to acquire XRP from the open market, consolidating the tokens into a reserve designed for large-scale financial deployment. Unlike most treasuries, Evernorth plans to put its XRP holdings to work \u2013 providing liquidity, facilitating lending, and engaging in DeFi yield generation.","b97eb1febec17e3366ad293faa1f4603":"The company\u2019s leadership envisions a structure that allows traditional investors to gain regulated access to XRP without needing crypto wallets or custody solutions. According to the firm, this approach bridges traditional finance (TradFi) and DeFi, giving institutions transparent exposure to digital assets within a familiar investment framework.","ff1e47c1e6f033faf48d9fd6823bf1b7":"Leadership and Ripple\u2019s Deep Involvement ","b52b92a3c86d0549d48041fc66b5b61c":"At the helm is Asheesh Birla, a former Ripple executive, now serving as CEO. Birla described Evernorth\u2019s strategy as \u201cmore than price exposure,\u201d emphasizing its mission to support the XRP ecosystem through active treasury management. \u201cWe\u2019re integrating institutional yield strategies with blockchain opportunities to strengthen utility and adoption,\u201d he said.","fbb205570a8a002908231433377e7b0d":"Ripple\u2019s top brass \u2013 Brad Garlinghouse, David Schwartz, and Stuart Alderoty \u2013 will act as strategic advisors, ensuring the company remains aligned with Ripple\u2019s broader vision of XRP as a global liquidity instrument for payments and settlements.","340a46796d3c4e6d7f43907e579922df":" READ MORE: ","456ef6df092b224b2a7142c723d84a2c":" Dogecoin ETF Nears Nasdaq Debut as SEC Resumes Work After Shutdown ","2047c11faad0f43b8d446a46a83e4a36":"Meanwhile, blockchain data shows Ripple recently moved $500 million in XRP to a new account believed to be linked to the Evernorth initiative, further underscoring its commitment to the project.","d357209d9d49c0173d4f6338c7f50c10":"A New Chapter for XRP and Digital Markets ","1226ebade21f68c365e693063d2cc603":"Chris Larsen called the project the \u201cmissing link\u201d between institutional finance and XRP\u2019s expanding ","7dbeea6955cb44ed40f6561bc9da15bb":"\">DeFi use cases, describing Evernorth as a structural upgrade for the digital asset\u2019s capital markets.","94d7dcc3c29bfe266b0f5cb56f8616ec":"If approved, the merger is expected to close in early 2026, at which point Evernorth will become one of the first XRP-focused companies to trade publicly. Market analysts say the listing could significantly boost XRP\u2019s visibility among traditional investors and mark a new stage in Ripple\u2019s long-term strategy to integrate blockchain liquidity into regulated finance.","d6036535700eedfa8db0f9cf08681e69":"With its hybrid model of institutional backing, on-chain utility, and public accessibility, Evernorth could set the standard for how digital asset treasuries operate in the next decade \u2013 combining the rigor of Wall Street with the innovation of decentralized finance.","326bad9799618454008c9716329b7257":"The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.","67f235c0776ba57199802dd370a3bd50":"The post Another Company Plans $1B XRP Treasury with Ripple\u2019s Backing appeared first on Coindoo."}