Ripple-backed Evernorth announced that it has completed its merger with Armada Acquisition Corp. II, holds 473 million $XRP , and plans to list on Nasdaq.
The merger also brings approximately $300 million in cash. Evernorth said it will use the funds to develop institutional services and infrastructure for the XRP ecosystem. An increasing number of institutions are building long-term exposure to major crypto assets through public markets.
(Source: X)
⚠️Risk Disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
#XRP #CryptoMarket
The merger also brings approximately $300 million in cash. Evernorth said it will use the funds to develop institutional services and infrastructure for the XRP ecosystem. An increasing number of institutions are building long-term exposure to major crypto assets through public markets.
(Source: X)
⚠️Risk Disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
#XRP #CryptoMarket