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Following
XRP Today, XRP ushered in an important milestone.
Evernorth Holdings, as the largest existing pure business company focused on XRP, was officially listed and traded on Nasdaq today with the stock code XRPN. The company entered the open market with approximately 473 million XRP tokens and US$300 million in cash.
Levi Rietveld, a cryptocurrency commentator and Crypto Crusaders, posted a post on the X platform recording this moment: "473 million XRPs hit Wall Street!"
Evernorth's core strategy
Evernorth is not a passive position holding tool. The company proactively manages its XRP positions through institutional lending and decentralized finance (DeFi) deployments. The resulting proceeds will be reinvested in purchasing more XRP.
SBI Group- one of Japan's largest financial institutions-confirmed this proactive strategy directly in the report after its US$200 million private equity investment in Evernorth. In addition, well-known institutions such as Ripple, Kraken, Pantera Capital and Arrington Capital have also provided support for the project.
Evernorth operates as a regulated treasury management entity. Investors can easily obtain XRP exposure through standard securities accounts without having to deal with complex crypto infrastructure issues. This accessibility is an important part of its core value to the market.
Review of the marketing history
Evernorth kicked off its Nasdaq listing by merging with Armada Acquisition Corp. II. Shareholders approved the transaction on September 30. The U.S. Securities and Exchange Commission (SEC) announced Evernorth's S-4 registration statement to take effect as early as August.
It was originally planned to complete the merger on October 7 and start trading on October 8. Due to a brief administrative delay, final delivery was postponed to October 9, and the trading day was set for today (October 12). The company has confirmed that this delay will not affect the transaction itself.
Why this is good for XRP
Rietveld clearly expressed his views in his video: "A large amount of institutional funds are pouring in through formal channels, which is not common in daily life." He added: "The entire ecosystem will benefit a lot from this."
Evernorth holds nearly 0.5% of the total existing XRP. Its proactive treasury strategy ensures that capital continues to operate. The gains generated through institutional lending and DeFi participation in turn drive the purchase of XRP. The resulting buying pressure is real and sustained.
In addition to the price mechanism, the listing itself has also enhanced XRP's market image. A NASDAQ-listed company with 473 million XRPs provides institutional investors with a regulated and familiar route to entry. This expands the pool of funds that can directly reach XRP without having to directly touch the encryption infrastructure.
Officially launched
XRPN今日开始在纳斯达克交易。Evernorth作为现存规模最大、公开交易的纯XRP国库管理公司进入公众视野。其规模、主动管理策略以及强大的机构背书，共同赋予XRP在华尔街新的、持久的地位。
