Markets
XRPN Vs XRP: How A Treasury Wrapper Will Trade Against The Token Itself
Coinpedia·October 13, 2026·1 min read
XRPN, a treasury wrapper backed by about 473 million XRP, began trading on Nasdaq on October 12 after Evernorth's merger with Armada Acquisition Corp. II completed. An expert called it the first major treasury company to go public in a long time, noting the treasury bubble 'popped and massively cooled.'
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