Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest public XRP treasury vehicle with at least 473 million XRP. The company plans active management of its XRP assets through lending and yield strategies rather than passive holding. A shareholder vote on September 30 will decide the merger's finalization, targeting closure by late Q3 or early Q4 2026.
Ripple has expanded its institutional trading services into U.S. equities by launching a Delta One business through its Ripple Prime platform. This new offering allows institutional investors like hedge funds and asset managers to access total return...
Ripple's RLUSD stablecoin crossed a $2 billion market capitalization less than two years after its December 2024 launch, with nearly half issued on the XRP Ledger and slightly more on Ethereum. The stablecoin is backed by cash reserves held under New...
