A new XRP treasury could be on the horizon, driven by Ripple-backed Evernorth’s plans for an initial public offering (IPO) in the US. Evernorth announced on Monday that it intends to go public on the Nasdaq through a merger with the blank-check company Armada Acquisition Corp II, projected to raise over $1 billion in capital.

Evernorth’s $1 Billion Merger And XRP Treasury Launch

This strategic initiative comes in the wake of a significant legal victory for Ripple, as the US Securities and Exchange Commission (SEC) concluded a high-profile lawsuit that accused the company of selling unregistered securities to institutional investors.

Under the current administration the regulatory agency has taken a new crypto-friendly approach, also dropping lawsuits against other key pla

See Full Page