Evernorth Holdings Ready to Launch on Exchanges with $1 Billion SPAC Merger!

Jakarta, Pintu News – Evernorth Holdings, a newly formed digital asset company, announced plans to list on an exchange through a merger with a specialized acquisition company (SPAC), Armada Acquisition Corp II.

With a base in Nevada, the merger is expected to generate $1 billion in fresh funds. This marks a major step for Evernorth in providing easy, liquid and transparent exposure to Ripple (XRP) through an exchange-listed vehicle.

Evernorth Innovative Strategies

Evernorth not only operates as a passive ETF, but has the ambition to increase the value of Ripple (XRP) per share over time. The company participates in institutional lending, liquidity provision, and decentralized finance (DeFi) yield opportunities. This approach is designed to generate returns for shareholders while supporting the utility and adoption of Ripple (XRP).

With a recognized regulatory framework in the US and a track record of supporting global payments, Ripple (XRP) is considered uniquely positioned for growth and wider institutional adoption. Evernorth plans to capitalize on this moment to give investors exposure to the price of Ripple (XRP) and benefit from active growth and ecosystem participation.

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Asheesh Birla’s role in Evernorth Leadership

Led by Asheesh Birla, a former Ripple executive, Evernorth is committed to leveraging traditional financial yield generation strategies and applying them in DeFi opportunities. Birla, who has extensive experience in the digital finance industry, emphasized the importance of a symbiotic model designed to support the growth of the Ripple (XRP) ecosystem.

The strategy executed by Evernorth aims to generate returns for shareholders and at the same time support the utility as well as adoption of Ripple (XRP). Birla believes that this approach will strengthen Ripple’s (XRP) position as a digital asset that serves not only as a global means of payment but also as a profitable investment instrument.

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Market Potential and Expectations for Evernorth

With the planned SPAC merger set to bring in $1 billion, the market has high hopes for Evernorth. The company is expected to bring new innovations in the way investors access and invest in crypto assets such as Ripple (XRP). The uniqueness of Evernorth’s business model is expected to appeal to investors looking for exposure in digital assets in a more stable and organized manner.

In addition, with the support and leadership of Asheesh Birla, Evernorth is considered to have a competitive advantage in implementing growth-oriented and sustainability strategies. This not only has the potential to increase enterprise value but also strengthen Ripple’s (XRP) position in the global digital finance ecosystem.

Conclusion

The merger of SPAC Evernorth with Armada Acquisition Corp II marks a new chapter in the evolution of the digital asset market. With a strategy focused on growth and innovation, as well as strong support from industry leaders, Evernorth is expected to become a key player in advancing the adoption and integration of Ripple (XRP) in global financial markets.

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Reference

• PYMTS. XRP Company Evernorth Plans $1 Billion SPAC. Accessed on October 22, 2025
• Reuters. Ripple-backed Evernorth set to raise over $1 billion in U.S. listing to hoard XRP tokens. Accessed on October 22, 2025
• Finance Magnates. Ripple-Linked Firm Evernorth to Go Public in $1B SPAC Deal to Buy XRP. Accessed on October 22, 2025
• Featured Image: Blockzeit