Ripple-supported cryptocurrency company Evernorth plans to go public on Nasdaq and raise $1 billion

ChainCatcher news, reported by Techstartups, states that Evernorth, a cryptocurrency company supported by Ripple, announced it will go public on Nasdaq through a merger with Armada Acquisition Corp II (AACI.O), expecting to raise over $1 billion.

The company plans to become the largest XRP fund and the U.S. publicly listed company holding the most XRP, with the transaction expected to be completed in the first quarter of 2026.