$1 Billion XRP Treasury Closes in Nasdaq Listing Amid Tokenization Boom: Main Crypto News This Morning

Evernorth Holdings and Armada Acquisition Corp. II have concluded the proxy voting phase for their merger, paving the way for a Nasdaq listing under the ticker XRPN. This entity will manage a treasury exceeding $1 billion in XRP, backed by institutional commitments from firms like SBI Holdings and Arrington Capital. Simultaneously, Ripple is expanding its RWA footprint in Latin America through a partnership with Brazil's Central Securities Depository to tokenize BTG Pactual investment funds on the XRP Ledger. These developments occur as the broader RWA market reaches a net on-chain value of $38.54 billion, with tokenized stocks and ETFs emerging as high-growth segments. While the market anticipates the scheduled release of 1 billion XRP from escrow, the focus remains on the integration of traditional financial infrastructure with blockchain-based audit layers. The regulatory environment is evolving, with the SEC granting innovation exemptions for tokenized stock trading via automated market makers. These milestones signify a shift toward institutional-grade RWA tokenization, bridging the gap between traditional capital markets and distributed ledger technology.