Content overview: “Shareholders Approve Evernorth-Armada Merger, Creating Largest Public XRP Treasury”. Shareholders have approved the merger of Evernorth and Armada Acquisition Corp. II, clearing the path for a new publicly traded entity backed by Ripple. The combined company is set to begin trading on October 8, holding approximately 473 million XRP, which would make it the largest pure-play XRP treasury on public markets. Evernorth, a blockchain infrastructure firm, and Armada, a special purpose acquisition company, announced the approval following a vote that paves the way for the business combination.
The deal underscores growing institutional interest in digital assets, particularly XRP, as companies seek to leverage cryptocurrency holdings for strategic growth. With Ripple’s backing, the new entity aims to expand its blockchain-based services while benefiting from a substantial crypto treasury. The listing will offer investors indirect exposure to XRP without directly purchasing the token, potentially attracting traditional market participants. This listing links straight to the original page, where the content is available in full.