Overview
- Armada announced the ticker change from AACI to XRPN, with units now trading as XRPNU and warrants as XRPNW.
- Evernorth holds about 388.7 million XRP—roughly 95% of its target—at an average purchase price near $2.44, valuing the reserve around $1 billion.
- Asheesh Birla left Ripple’s board to serve as Evernorth’s CEO and chairman, with Ripple leadership advising and backers including Ripple, Kraken, Arrington Capital, Rippleworks, SBI Holdings, and Pantera Capital.
- Evernorth has engaged Hidden Road, GTreasury, and Standard Custody to handle trading, treasury operations, and qualified custody for its on‑chain balance sheet.
- XRP market infrastructure continues to deepen, with CME launching XRP options after futures growth and major asset managers filing updates for prospective XRP ETFs.