Evernorth Shareholders Approve $1 Billion XRP Treasury Deal, Clearing Path to Nasdaq Debut as XRP Institutionalization Accelerates
Shareholders of Armada Acquisition Corp. II have approved the merger with XRP treasury company Evernorth, clearing the path for the platform that is expected to hold roughly 473 million XRP to list on Nasdaq. The deal marks a new phase of XRP institutionalization and is expected to bring meaningful liquidity, market-making depth, and institutional custody standard upgrades to the XRP ecosystem.