@realwealthcommunity: A dedicated treasury firm holding over 470 Million XRP is going public on the Nasdaq, and the heavyweight names behind the deal are rewriting institutional adoption! As of August 2026, everyday retail traders are closely watching market momentum near $1.89. But behind the scenes, Evernorth a specialized digital asset treasury company is completing its SPAC merger with Armada Acquisition Corp II to launch under the Nasdaq ticker $XRPN. This isn't a passive index fund; it's an active corporate treasury model designed to give public equity investors direct, regulated exposure to the XRP ecosystem. Here is who is driving the 470 Million XRP Nasdaq listing: The Arrington Capital Backing: The deal is sponsored by Arrington Capital, founded by TechCrunch and Arrington XRP Capital pioneer Michael Arrington, bringing deep venture expertise to the corporate structure. The 470M+ XRP Vault: Evernorth holds over 473 Million XRP directly on its balance sheet, creating an active treasury strategy designed to generate institutional yield and reduce circulating floating supply. The Wall Street Pipeline: Through the merger into ticker $XRPN, legacy pensions, 401(k) accounts, and compliance-restricted funds gain a regulated equity vehicle to trade XRP exposure via traditional stock brokerages. #xrp #ripple #nasdaq #evernorth #arringtoncapital

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