Evernorth, the world’s largest XRP digital asset treasury, has received SEC approval to become a publicly traded company through a merger with SPAC Armada Acquisition Corp. II, with a listing expected on Nasdaq by late Q3 or early Q4 2026. The company holds 473,276,430 XRP, equivalent to $672.37 million, and plans to use these assets to finance the development of tokenized assets, on-chain credit markets, and blockchain-based settlement infrastructure. XRP was trading at $1.42 at the time of writing, up 1.3% in 24 hours and 8% over the past week.
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