Evernorth Holdings Launches on Nasdaq as XRP Treasury Company
- Evernorth Holdings debuted on Nasdaq under the ticker symbol XRPN after a $1 billion accumulation of XRP.
- Armada Acquisition Corp. II changed its ticker from AACI to XRPN, with units trading as XRPNU and warrants as XRPNW.
- The firm’s treasury now holds over 388 million XRP tokens, valued at more than $1 billion.
- CME Group launched options trading for XRP futures, processing over 567,000 contracts since May, totaling nearly $27 billion in notional volume.
- The REX–Osprey XRP ETF recently surpassed $100 million in assets under management (AUM).
This transition marks a significant step for institutional exposure to XRP, with partnerships including Hidden Road and GTreasury enhancing its market presence.
Evernorth’s launch and substantial token holdings underscore the growing institutional interest in XRP, highlighted by the recent trading activity on CME Group’s platform.
