Ripple Backs Crypto Treasury That's Raising Over $1 Billion to Buy XRP

Ripple is getting behind a new publicly traded XRP treasury firm called Evernorth, which aims to raise more than $1 billion and has recruited key Ripple backers to help with its push. Built with contributions from Ripple itself, Ripple co-founder Chris Larsen, and notable crypto firms like Pantera Capital and Kraken, Evernorth will come together via a business combination with publicly traded special purpose acquisition company (or SPAC), Armada Acquisition Corp II.  The deal, which is expected to close in ...