Tag: Decentralized finance

BusinessFintech

Evernorth Pursues $1 Billion SPAC to Offer Public XRP Investment Vehicle

Evernorth, founded by former Ripple executive Asheesh Birla, plans to go public via SPAC merger with Armada Acquisition Corp II. The company aims to provide investors with transparent exposure to XRP through institutional lending and DeFi yield opportunities.

Evernorth’s Strategic Move into Public Markets

Nevada-based financial firm Evernorth has announced plans to go public through a special purpose acquisition company merger that reportedly could generate approximately $1 billion, according to company statements released Monday. The merger with Armada Acquisition Corp II represents a significant development in the digital asset investment space, sources indicate.

by Darren Holt
BlockchainStartups

Blockchain Firm Secures $25M Funding for Digital Asset Bank Launch

Blockchain financial services provider Telcoin has reportedly secured $25 million in funding to advance its planned digital asset bank. The company aims to launch its regulated banking platform later this year alongside a new stablecoin designed for everyday payments.

Major Funding Round for Digital Banking Initiative

Blockchain financial services company Telcoin has reportedly raised $25 million in funding to support its planned launch of a regulated digital asset bank, according to recent reports. Sources indicate the capital will help the company meet requirements for its conditionally approved charter as a Nebraska Digital Asset Depository Institution.

by Natalie Brooks