XRP / RLUSD News: Ripple and Kraken Back SPAC Aiming to Build $1B Public XRP Treasury

XRP / RLUSD News: Ripple and Kraken Back SPAC Aiming to Build $1B Public XRP Treasury

A SPAC, a new ticker and open-market XRP buys — see who’s backing it and what comes next.

Ripple-tied treasury firm to raise over US$1 billion to go public

The companies have funded tens of billions of US dollars purchases of their target tokens and enjoyed hefty premiums when investors were bullish on the market

Ripple, Pantera, And Kraken Back $1 Billion SPAC To Build Largest Public XRP Treasury

Ripple and Kraken have led a $1 billion raise to create the largest publicly traded XRP treasury via a merger with a blank-check company.

XRP Treasury Initiative Targets Institutional Adoption

Evernorth to build $1B XRP Treasury backed by Ripple, SBI, and top crypto investors. XRP Treasury to list on Nasdaq under “XRPN,” boosting institutional market participation. Initiative aims to expand XRP use in DeFi, payments, and tokenized asset markets. Ripple-backed Evernorth has announced plans to form a $1 billion XRP Treasury, marking a major step toward institutional integration of the digital asset. The firm revealed that the capital wi…

Ripple-linked Evernorth to go public in $1B SPAC to build massive XRP treasury

Evernorth, backed by Ripple and SBI, plans a $1 billion SPAC merger to accelerate XRP adoption and bring institutional exposure to the digital-asset market.

XRP: Evernorth Goes Public in $1 Billion Move to Build World’s Largest Treasury News ETHNews

A new powerhouse is entering the crypto capital markets. Evernorth Holdings Inc., a Nevada-based company focused on institutional XRP adoption, announced plans to go public through a business combination with Armada Acquisition Corp II (Nasdaq: AACI). Upon completion, the merged company will trade on Nasdaq under the ticker “XRPN”, marking a milestone for XRP’s presence in traditional finance. The deal is set to raise over $1 billion in gross pr…