Japanese Giant Makes Announcement About XRP Acquisition

Evernorth is a startup aiming to drive enterprise-wide XRP adoption. The company plans to merge with a SPAC called Armada Acquisition Corp. II, trading on the Nasdaq under the ticker symbol “XRPN,” and raise more than $1 billion in total funding.

GUMI‘s investment announcement stated that the funds raised will be used to create one of the world’s largest public XRP treasuries. This treasury will not only hold XRP but also aim to increase asset value through institutional lending and DeFi (decentralized finance) activities. It also claimed that all financial reports will be reviewed by an independent auditing firm, ensuring high transparency and governance standards.

GUMI made the following statement:

“XRP is one of the few digital assets whose regulatory framework is beginning to be clarified in the US and whose usability in global payments has been proven. Investing in Evernorth offers a simple, high-liquidity investment opportunity in XRP within the framework of a regulated and audited public company.”

Furthermore, Evernorths activities will not be limited to market transactions only; it will also act as a validator to contribute to the growth of the XRP Ledger ecosystem.