How Neobanks Are Bridging Traditional Finance and Digital Assets
The Rise of Neobanks in a Digital-First Economy In an industry long dominated by established institutions with deep-rooted legacy systems,…
Tag: Digital asset
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.