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$1B XRP treasury prepares for Nasdaq debut amid booming tokenization market

Market News
30 Sep 2026
UToday
View Source
Bullish
$1B XRP treasury prepares for Nasdaq debut amid booming tokenization market

Evernorth's $1 billion XRP treasury is set to list on Nasdaq under the ticker XRPN after completing a SPAC merger with Armada Acquisition Corp. II, expected to close in Q4 2026. The treasury holds about 473 million XRP from Ripple and has secured over $1 billion in institutional investments. This move highlights growing institutional interest in tokenized real-world assets, supported by Ripple's partnership with Brazil's Central Securities Depository to tokenize $4 trillion in assets on the XRP Ledger. The listing marks a significant step in bridging traditional finance and crypto markets amid evolving U.S. regulations and a broader tokenization boom.

The $1 billion XRP treasury listing on Nasdaq provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Sep 30, 2026 19:50 WIB: out of 50 major cryptocurrencies priced on Pluang, 21 rose and 28 fell. Notable movers include GRT at Rp531 with a 1-day change of -3.72%, SAND at Rp811 with +3.26%, and BAT at Rp1.631 with -2.68%.

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