Evernorth, a new crypto venture backed by digital asset firm Ripple, said on Monday it will list on the Nasdaq through a merger with blank-check firm Armada Acquisition Corp II and is expected to raise more than $1 billion in proceeds.
The digital asset treasury will focus on accumulating XRP, a token linked to Ripple and the fifth-largest cryptocurrency by market cap, according to data from CoinGecko.
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The move comes months after Wall Street’s top regulator ended a hi… [1771 chars]
Source: Reuters | Published: 2025-10-20T11:35:55Z
Credit: Reuters
