🚨Is XRP going to Nasdaq? We only need the final vote now!
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XRP has recently welcomed another noteworthy piece of news. With support from Ripple, Evernorth is only one crucial step away from entering Nasdaq’s public market—shareholder voting on September 30.
The U.S. SEC has already approved the relevant registration filings. Evernorth plans to complete a merger with Armada Acquisition Corp. II. Simply put, the company is entering the public market via a SPAC merger.
If the shareholder vote goes smoothly, the merged company is expected to trade under the ticker symbol XRPN. 👀 The truly interesting part here isn’t just “another listed company related to XRP.” Evernorth’s play is more than simply holding XRP.
It plans to place XRP on the company’s balance sheet, while also preparing to invest in XRP-related infrastructure. Through capital management strategies, it aims to continuously increase the “amount of XRP corresponding to each share.”
In other words, what it may be building isn’t a company that merely hoards coins, but rather a public-market vehicle designed for a long-term positioning around XRP.
And the lineup behind Evernorth isn’t simple either. Ripple, Arrington Capital, Japan’s SBI Group, Pantera Capital, Kraken, and GSR are all involved in the investment. The company’s CEO, Asheesh Birla, previously worked at Ripple for more than a decade overseeing payments.
🔥 The real question the market is focused on:
If Evernorth ultimately succeeds in entering Nasdaq, will it allow more traditional market capital to indirectly gain XRP-related exposure through stocks? That might be the biggest highlight of this event. Of course, we can’t get too excited yet. SEC approval doesn’t mean the entire transaction has been completed.
The shareholder vote on September 30 is the final key milestone.
If it passes successfully, the appearance of XRPN could mean XRP is trying to open another door to traditional capital markets. Now it all comes down to that vote—will the listing go through smoothly, or will something change at the last moment? 👀
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#xrp #Ripple #SEC
Group: 点击进入玖玖的粉丝群
XRP has recently welcomed another noteworthy piece of news. With support from Ripple, Evernorth is only one crucial step away from entering Nasdaq’s public market—shareholder voting on September 30.
The U.S. SEC has already approved the relevant registration filings. Evernorth plans to complete a merger with Armada Acquisition Corp. II. Simply put, the company is entering the public market via a SPAC merger.
If the shareholder vote goes smoothly, the merged company is expected to trade under the ticker symbol XRPN. 👀 The truly interesting part here isn’t just “another listed company related to XRP.” Evernorth’s play is more than simply holding XRP.
It plans to place XRP on the company’s balance sheet, while also preparing to invest in XRP-related infrastructure. Through capital management strategies, it aims to continuously increase the “amount of XRP corresponding to each share.”
In other words, what it may be building isn’t a company that merely hoards coins, but rather a public-market vehicle designed for a long-term positioning around XRP.
And the lineup behind Evernorth isn’t simple either. Ripple, Arrington Capital, Japan’s SBI Group, Pantera Capital, Kraken, and GSR are all involved in the investment. The company’s CEO, Asheesh Birla, previously worked at Ripple for more than a decade overseeing payments.
🔥 The real question the market is focused on:
If Evernorth ultimately succeeds in entering Nasdaq, will it allow more traditional market capital to indirectly gain XRP-related exposure through stocks? That might be the biggest highlight of this event. Of course, we can’t get too excited yet. SEC approval doesn’t mean the entire transaction has been completed.
The shareholder vote on September 30 is the final key milestone.
If it passes successfully, the appearance of XRPN could mean XRP is trying to open another door to traditional capital markets. Now it all comes down to that vote—will the listing go through smoothly, or will something change at the last moment? 👀
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#xrp #Ripple #SEC
