🚨 BREAKING: Ripple’s Ex-CTO Joins $1B XRP Firm Going Public on Nasdaq — Here’s Why It Matters 😱
Big news shaking up the XRP world — David Schwartz, Ripple’s former CTO and current board member (you might know him as
@JoelKatz), just announced he’s joining
@EvernorthXRP as a strategic advisor.
Evernorth — led by ex-Ripple executive Asheesh Birla (
@ashgoblue) — isn’t your usual “buy-and-hold” crypto fund. 😎 Instead of just stacking XRP and waiting for price moves, Evernorth plans to use XRP across institutional lending, DeFi yield strategies, and liquidity provisioning — in other words, actually putting XRP to work inside real financial systems.
And here’s the big part: the company is going public on Nasdaq under the ticker
$XRPN, through a merger with Armada Acquisition Corp II. The deal is expected to raise over $1 billion from heavyweights like SBI Holdings, Pantera Capital, Kraken, GSR, Rippleworks, and Ripple itself. Most of that money will go directly toward buying XRP on the open market — making Evernorth one of the biggest institutional holders out there.
💬 Ripple CEO Brad Garlinghouse (
@bgarlinghouse) called it “a major step in bringing more use cases, participation, and confidence to the XRP ecosystem.” He and other Ripple leaders — including Schwartz and Stuart Alderoty (
@s_alderoty) — will serve as advisors to help guide Evernorth’s strategy and keep it aligned with Ripple’s long-term vision for XRP as a global liquidity asset.
So what does this really mean for XRP? It’s not just a token being traded anymore — it’s becoming part of institutional finance. Evernorth plans to:
👉 Build a massive XRP treasury that earns yield through lending.
👉 Use Ripple’s RLUSD stablecoin to bridge XRP into DeFi and capital markets.
👉 Run validators to strengthen and decentralize the XRP Ledger.
This move could be one of the biggest signals yet that XRP is stepping fully into the institutional era — backed by regulation, real infrastructure, and now, Wall Street exposure.
And with David Schwartz — the very architect of the XRP Ledger — advising Evernorth, this isn’t just another partnership. It’s a calculated push to make XRP a core asset in global finance. 🌎💼
#XRP #Ripple #Evernorth #XRPN #Crypto #DeFi #InstitutionalAdoption