Cryptocurrency trading platform Uphold announced the availability of Evernorth Holdings (XRPN) shares, a publicly traded company backed by a massive treasury of 473 million XRP. Evernorth made its Nasdaq debut on October 12, having raised approximately $300 million in gross cash proceeds before transaction expenses through its business combination with Armada Acquisition Corp. II. The company, led by former Ripple executive Asheesh Birla and backed by major investors including Ripple, Kraken and Pantera Capital, plans to deploy its XRP treasury into institutional strategies through partnerships with Ripple, Kraken, Coinbase and BitGo starting in Q4 2026. Uphold now allows eligible investors to purchase fractional shares of Evernorth, offering exposure to the XRP ecosystem without holding the cryptocurrency directly.
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