The 'Largest Pure-Play' XRP Treasury Is About to Go Public
Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.
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The ‘Largest Pure-Play’ XRP Treasury Is About to Go Public
What happened
Shareholders approved Evernorth’s merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.
Reported details
- Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.
- TL;DR Armada Acquisition Corp. II shareholders approved the Evernorth business combination, moving Evernorth closer to a planned Nasdaq debut under XRPN. The transaction is expected to close October 7 and generate $300 million in gross proceeds, with trading targeted for October 8. Evernorth expects to hold 473 million XRP at closing, which it says would … Read more
What the sources establish
The identified reports describe the same recent event. This brief preserves the source links and verification time so readers can inspect the original reporting.
Why it matters for RWA markets
The material question is how the event affects institutional participation, tokenization infrastructure, issuer economics, market access, or regulatory positioning. The report does not turn that relevance into an endorsement.
Evidence boundary
Terms, figures, counterparties, and consequences not stated in the linked reports are not inferred. Material updates require a dated revision and an additional source check.
What to watch next
- Official company statements, filings, and transaction documents.
- Details on custody, settlement, eligibility, and tokenization scope.
- Regulatory disclosures or corrections to the reported figures.
Sources and editorial check time
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Decrypt: https://decrypt.co/379856/the-largest-pure-play-xrp-treasury-is-about-to-go-public
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The Block RSS: https://www.theblock.co/news/deals/2026-10-01-evernorth-xrpn-nasdaq-armada-shareholders-approve-417413
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Crypto Economy RWA: https://crypto-economy.com/evernorth-clears-shareholder-vote/
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Editorial source check time: 2026-10-01T20:27:53.240Z
This information is educational and is not financial or legal advice.