Deal basics: Who’s involved, and what’s being built?
Evernorth is a newly formed “digital asset treasury” whose core idea is simple: Raise a large pool of cash and use most of it to buy and manage XRP.
Rather than requiring companies to hold the token directly, Evernorth aims to offer a publicly traded stock that provides XRP (XRP) exposure through a corporate balance sheet.
To fast-track its public debut, Evernorth is merging with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) — a listed shell that helps…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)