Evernorth's $1 Billion Merger Signals Major Shift in Digital Assets

Evernorth Holdings, a digital asset firm associated with Ripple Labs, is preparing for a public debut via a $1 billion merger with Armada Acquisition Corp. II.

This strategic move aims to establish a substantial XRP treasury through open-market purchases, reflecting the rising institutional interest in XRP and decentralized finance. As Evernorth transitions to a publicly listed entity on Nasdaq, it plans to enhance shareholder value through innovative treasury solutions and active management strategies.

Additionally, Ripple's acquisition of GTreasury for $1 billion underscores its commitment to integrating blockchain technology into corporate treasury management, further solidifying its influence in the evolving landscape of digital assets and cross-border payments.