"Evernorth is about to become the MicroStrategy of XRP ( ). With 388 million tokens locked ahead of its Nasdaq debut under ticker XRPN, the company is building a public treasury that lets stock investors gain XRP exposure without holding crypto directly. MicroStrategy turned Bitcoin into a balance sheet asset and saw its stock rise over 400%. Evernorth is betting the same playbook works for XRP-and with $1 billion in capital commitments already lined up, the test begins in Q1 2026."
"Going public solves an access problem. Many pension funds, endowments, and asset managers can't hold crypto directly but can buy regulated equities. A Nasdaq listing turns XRP exposure into a compliant stock vehicle with audited reporting and qualified custody. Evernorth's strategy goes beyond just holding tokens-the firm plans to run validators and integrate with XRP Ledger infrastructure, generating income that grows XRP per share over time."
Evernorth Holdings launched in October 2025 as a Nevada-based digital asset treasury firm focused on building large-scale XRP reserves for public investors. The company is pursuing a Nasdaq listing via a SPAC merger with Armada Acquisition Corp II under ticker XRPN, targeting a Q1 2026 close. Evernorth has 388 million XRP locked and more than $1 billion in capital commitments from partners including Ripple, SBI Holdings ($200 million anchor), Pantera Capital, Kraken, and GSR. Most proceeds will fund open-market XRP purchases. The strategy provides regulated equity access for institutions and plans to run validators and integrate with the XRP Ledger to generate income and grow XRP per share.
Read at 24/7 Wall St.
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