Evernorth's XRP Treasury Prepares for IPO Amid Favorable Market Conditions.
ByAinvest
Saturday, Jan 17, 2026 12:46 am ET1min read
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XRP treasury Evernorth is preparing for an IPO, despite the recent decline in crypto treasury valuations. CEO Asheesh Birla says the timing is perfect, citing favorable regulations and institutional adoption. Evernorth will trade under ticker XRPN on Nasdaq after merging with Armada Acquisition Corp II. The company holds 388 million XRP tokens and plans to generate yield on its holdings to buy more tokens. XRP ETFs have seen significant success, with over $1.2 billion accumulated since November.
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