According to reports, Evernorth — a Ripple-backed treasury firm — has agreed to merge with Armada Acquisition Corp II and plans to list under the XRPN ticker. The SPAC deal aims to raise $1 billion to build what Evernorth calls a large XRP treasury. Ripple and co-founder Chris Larsen contributed XRP to the project. Nine…
Tag: XRPL
This Week In XRP: Ripple CTO Set To Announce Important Update
The XRP community has been paying close attention to Ripple’s Chief Technology Officer, David Schwartz, as he continues to share details about his latest project. Based on a recent post on X, Schwartz signaled a development that could soon move beyond testing and into production. To accompany his update, he shared performance charts that provide…