🚨 Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Evernorth has officially crossed the $1 billion threshold in XRP holdings, according to XRPScan — positioning the company as one of the largest institutional holders of the asset ahead of its upcoming Nasdaq listing under the ticker “XRPN.”

🔑 Key Highlights:

▫️ 388.7M XRP now held in Evernorth’s treasury (~$1B+)

▫️ Backed by Ripple, Rippleworks, Pantera Capital, Kraken, SBI, and GSR

▫️ 530M+ XRP transferred by Ripple after Evernorth’s treasury announcement

▫️ Additional 50M XRP contributed by Ripple Chairman Chris Larsen

▫️ Part of the raise earmarked to buy XRP at market price, signaling long-term alignment

The company is expected to go public through a merger with Armada Acquisition Corp II, marking one of the first large-scale treasury-backed listings centered around XRP as a strategic reserve asset.

💡 Why it matters:

Evernorth’s treasury structure represents a growing institutional use case for XRP as a balance-sheet asset — a trend that could accelerate if more public companies adopt native token treasuries alongside traditional reserves.

#XRP #Evernorth #Ripple #NasdaqListing #DigitalAssets

https://coingape.com/ripple-backed-evernorth-grows-xrp-treasury-to-1b-ahead-of-nasdaq-listing/?utm_source=coingape&utm_medium=linkedin