Evernorth Set to List on Nasdaq, Bringing XRP Exposure to Stock Investors
Evernorth Holdings will begin trading on Nasdaq under the ticker XRPN on October 12, offering indirect XRP exposure to stock market investors.
Evernorth Holdings will begin trading on Nasdaq under the ticker XRPN on October 12, offering indirect XRP exposure to stock market investors. XRP (XRP) is trading at $1.41. This is an original TLT brief synthesising 2 outlets (BeInCrypto, Crypto.news), plus live market data, as of Mon, 12 Oct 2026 00:15:02 UTC.
This development provides a new avenue for institutional and retail investors to gain exposure to XRP without directly purchasing the cryptocurrency, potentially increasing mainstream adoption and liquidity.
- Evernorth completed merger with Armada Acquisition Corp II on October 9.
- Shares will begin trading on Nasdaq on October 12 under ticker XRPN.
- Evernorth holds 473 million XRP and raised $300M in cash proceeds.
- XRP market cap stands at $88.91B amid flat crypto market conditions.
BeInCrypto and Crypto.news both report that Evernorth has completed its merger with Armada Acquisition Corp II and will begin trading on Nasdaq on October 12 under the ticker XRPN. They agree that Evernorth holds approximately 473 million XRP and raised $300 million in gross cash proceeds. However, BeInCrypto emphasizes the upcoming trading debut, while Crypto.news provides more detail on the financial aspects of the merger and the company's XRP holdings.
- Evernorth's $300M SPAC Merger and 473M XRP Treasury Set to List on Nasdaq
- Evernorth Set to List on Nasdaq, Bringing XRP Exposure to Stock Investors — this brief
Evernorth Holdings, a company with a significant reserve of 
XRP, has completed its merger with Armada Acquisition Corp II, as reported by BeInCrypto and Crypto.news. This merger sets the stage for Evernorth to list on the Nasdaq stock exchange.
The company announced on October 9 that it will begin trading on Nasdaq on October 12 under the ticker symbol XRPN. This development is expected to provide a new investment vehicle for those looking to gain exposure to XRP through traditional stock markets.
According to Crypto.news, Evernorth holds approximately 473 million XRP and has raised about $300 million in gross cash proceeds from the merger. This information is corroborated by DeFiLlama, which reports a circulating cash supply of $128.32 million for the company.
The move comes at a time when the total cryptocurrency market cap is around $2.9 trillion, with 
Bitcoin showing a modest 24-hour gain of 0.74% and XRP trading at $1.41, up 0.33% in the last 24 hours. The Fear & Greed Index stands at 61, indicating a state of 'Greed' in the market.
The listing of Evernorth on Nasdaq could potentially attract more institutional and retail investors to XRP, as it provides a regulated avenue for investment. This could increase liquidity and mainstream adoption of the cryptocurrency. Investors will be watching the stock's performance closely after its debut.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.41 to $1.41 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,925.84 (about $1.41), up 0.5% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Evernorth Set to List on Nasdaq, Bringing XRP Exposure to St — questions & answers
What is Evernorth's ticker symbol on Nasdaq?
Evernorth will trade on Nasdaq under the ticker symbol XRPN.
How much XRP does Evernorth hold?
Evernorth holds approximately 473 million XRP.
When will Evernorth begin trading on Nasdaq?
Evernorth is expected to begin trading on Nasdaq on October 12.
How much is 1 XRP worth in naira today?
About ₦1,925.84 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.41. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from BeInCrypto, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.