Trading under the ticker XRPN on the Nasdaq, the company is the first publicly listed entity to maintain an XRP treasury. Its shares closed their first day of trading at $16.91, a decrease of 1.05%, after reaching an intraday peak of $19.38. To mark the debut, Evernorth participated in a closing bell ceremony at the exchange, serving as a primary test for public treasury wrappers in a cooled market.
Tuesday, October 20, 2026
Story
Evernorth Taps Ripple and Coinbase to Deploy $648 Million XRP Treasury
Crypto7 days ago
The newly listed firm is leveraging alliances with several digital asset managers to activate its holding of 473 million tokens. Evernorth has partnered with Ripple, Kraken, Coinbase and BitGo to deploy its XRP treasury, currently valued at $648 million, to generate returns from the assets. This operational move follows the company's recent transition to the public market via a merger with Armada Acquisition Corp. II.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.