Evernorth appoints new directors and executives to lead XRP institutional adoption as it prepares for public listing.

Evernorth Holdings, a new company focused on institutional adoption of XRP, announced four new board directors and two executive appointments ahead of its public listing via merger with Armada Acquisition Corp II. The new leadership brings expertise in public company finance, regulation, and digital assets to support Evernorth's strategy as a publicly traded digital asset treasury. The company aims to grow XRP exposure through institutional and DeFi yield strategies, differentiating itself from ETFs. The business combination is pending regulatory approval and shareholder vote.