{"id":13994,"date":"2026-10-02T08:23:46","date_gmt":"2026-10-02T08:23:46","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13994"},"modified":"2026-10-02T08:23:46","modified_gmt":"2026-10-02T08:23:46","slug":"evernorth-set-for-nasdaq-debut-as-xrp-treasury-firm","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13994","title":{"rendered":"Evernorth Set for Nasdaq Debut as XRP Treasury Firm"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_a98c986091d48f39ed49407777975195\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evernorth expects to hold 473 million XRP after its merger with Armada Acquisition Corp. II closes, subject to final conditions and Nasdaq approval.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trading is expected to begin under the ticker XRPN, positioning Evernorth as the largest publicly traded pure-play XRP treasury company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The firm plans to actively deploy its XRP into ecosystem infrastructure and strategies intended to increase XRP backing per share over time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ripple, SBI Group, Kraken, Pantera Capital, GSR and Arrington Capital are among Evernorth\u2019s shareholders.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Evernorth is taking a leaf out of Michael Saylor\u2019s playbook and will soon bring the crypto treasury model to XRP. In a 1 October post on X, the company announced that a business combination with Armada Acquisition Corp. II had been approved by shareholders.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p class=\"wp-block-paragraph\">Evernorth expects to hold 473 million XRP, making it the \u201clargest publicly traded pure-play XRP treasury company\u201d.<\/p>\n<p class=\"wp-block-paragraph\">The transaction is expected to close on 7 October, subject to customary closing conditions, with trading expected to commence on Nasdaq under the ticker XRPN, subject to Nasdaq listing approval.<\/p>\n<p class=\"wp-block-paragraph\">The only other publicly known company with a similar playbook is Worksport, which currently holds 115,000 XRP, according to data from Bitcoin Treasuries. The site lists several digital assets held for \u201cpayments, settlement, or treasury purposes\u201d, with XRP accounting for 0.14% of the assets tracked.<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin ranks first, with 93.7% dominance, while 197 companies hold around 1.276 million BTC.<\/p>\n<p class=\"wp-block-paragraph\">Ethereum comes second with 5.52% asset dominance, while Solana has around 0.55% and BNB 0.14%.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read also: <\/strong><strong>Standard Chartered Starts Research Coverage for Ethena<\/strong><\/p>\n<h2 id=\"h-treasury-idea-not-new\" class=\"wp-block-heading\">Treasury Idea Not New<\/h2>\n<p class=\"wp-block-paragraph\">While a truly Strategy-style XRP treasury company may seem groundbreaking, it isn\u2019t the first attempt at this. VivoPower launched an XRP-focused digital-asset treasury strategy in 2025 and described itself as the first publicly listed XRP-focused DAT company. However, in February 2026, it announced that it was exiting its digital-asset holdings and would stop acquiring digital assets for its own balance sheet.<\/p>\n<p class=\"wp-block-paragraph\">XRP is up 1.5% on the news, amid a broader increase in the crypto market. At the time of writing, XRP is trading at US$1.52 (AU$2.19).<\/p>\n<p class=\"wp-block-paragraph\">As reported yesterday, another boost for the coin came as news from Brazil made headlines. Financial infrastructure giant CSD BR \u2013 with access to US$4 trillion (AU$6 trillion) in assets \u2013 will test the XRP Ledger (XRPL) for local ownership records, with plans to expand its use.<\/p>\n<h2 id=\"h-evernorth-s-xrp-strategy\" class=\"wp-block-heading\">Evernorth\u2019s XRP Strategy<\/h2>\n<p class=\"wp-block-paragraph\">Evernorth plans to use its XRP holdings more actively than earlier crypto treasury firms, investing in XRP-related infrastructure and pursuing strategies aimed at increasing the amount of XRP backing each share over time. In a statement, the firm said its goal is to give public-market investors a regulated way to gain exposure to the XRP ecosystem while also supporting its broader growth and use.<\/p>\n<div id=\"blockquote-block_4a7f5a030e6b6720230967e415be5ce4\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p>We plan to enter public markets as blockchain utility continues to grow, and we believe institutional finance will increasingly be built on-chain. Evernorth is designed to accelerate XRP\u2019s role in that work.<\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/10\/02160607\/Asheesh-Birla-founder-and-CEO-of-Evernorth.jpg\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/10\/02160607\/Asheesh-Birla-founder-and-CEO-of-Evernorth.jpg\" class=\"author-image\" data-eio=\"l\"\/>        Asheesh Birla, founder and CEO of Evernorth    <\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Evernorth\u2019s shareholders include Ripple, SBI Group, Kraken, Pantera Capital, GSR, Arrington Capital and others.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read more: <\/strong><strong>Peter Brandt Sees Six-Figure Bitcoin Surge, Takes Aim at XRP<\/strong><\/p>\n<\/p><\/div>\n<p>Nasdaq,XRP#Evernorth #Set #Nasdaq #Debut #XRP #Treasury #Firm1790929426<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evernorth expects to hold 473 million XRP after its merger with Armada Acquisition Corp. II closes, subject to final conditions and Nasdaq approval. Trading is expected to begin under the ticker XRPN, positioning Evernorth as the largest publicly traded pure-play XRP treasury company. The firm plans to actively deploy its XRP into ecosystem infrastructure and<\/p>\n","protected":false},"author":1,"featured_media":13995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2449,5990,2096,3654,934,585,230],"class_list":["post-13994","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-debut","tag-evernorth","tag-firm","tag-nasdaq","tag-set","tag-treasury","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evernorth Set for Nasdaq Debut as XRP Treasury Firm - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13994\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evernorth Set for Nasdaq Debut as XRP Treasury Firm\" \/>\n<meta property=\"og:description\" content=\"Evernorth expects to hold 473 million XRP after its merger with Armada Acquisition Corp. II closes, subject to final conditions and Nasdaq approval. Trading is expected to begin under the ticker XRPN, positioning Evernorth as the largest publicly traded pure-play XRP treasury company. The firm plans to actively deploy its XRP into ecosystem infrastructure and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13994\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-02T08:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.cryptonews.com.au\/2026\/10\/02160607\/Asheesh-Birla-founder-and-CEO-of-Evernorth.jpg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13994\",\"name\":\"Evernorth Set for Nasdaq Debut as XRP Treasury Firm - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg\",\"datePublished\":\"2026-10-02T08:23:46+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13994\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13994#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Evernorth Set for Nasdaq Debut as XRP Treasury Firm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Evernorth Set for Nasdaq Debut as XRP Treasury Firm - Crypto News: Latest Cryptocurrency News and Analysis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=13994","og_locale":"en_US","og_type":"article","og_title":"Evernorth Set for Nasdaq Debut as XRP Treasury Firm","og_description":"Evernorth expects to hold 473 million XRP after its merger with Armada Acquisition Corp. II closes, subject to final conditions and Nasdaq approval. Trading is expected to begin under the ticker XRPN, positioning Evernorth as the largest publicly traded pure-play XRP treasury company. The firm plans to actively deploy its XRP into ecosystem infrastructure and","og_url":"https:\/\/cryptonews.uk.com\/?p=13994","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-10-02T08:23:46+00:00","og_image":[{"url":"https:\/\/cdn.cryptonews.com.au\/2026\/10\/02160607\/Asheesh-Birla-founder-and-CEO-of-Evernorth.jpg","type":"","width":"","height":""}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=13994","url":"https:\/\/cryptonews.uk.com\/?p=13994","name":"Evernorth Set for Nasdaq Debut as XRP Treasury Firm - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg","datePublished":"2026-10-02T08:23:46+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=13994#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=13994"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=13994#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/21725XRIP.jpeg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=13994#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Evernorth Set for Nasdaq Debut as XRP Treasury Firm"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/13994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13994"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/13994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/13995"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}