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Ripple Prime expands into equity derivatives; Evernorth nears Nasdaq listing
Ripple Prime has launched its Delta One business, expanding its institutional prime brokerage services into equity derivatives. The new platform allows hedge funds, asset managers, and other financial institutions to trade total return swaps (TRS) linked to US-listed equities, market indices, and digital assets through a single counterparty. This service enables clients to gain economic exposure to these assets without direct ownership and provides 24/7 cross-margining capabilities across multiple asset classes.
Separately, Evernorth Holdings, an XRP-focused digital asset treasury company, has reached a regulatory milestone. The SEC has declared Evernorth’s Form S-4 registration statement effective for its proposed merger with Armada Acquisition Corp. II. If approved by shareholders on September 30, 2026, the combined entity is expected to list on the Nasdaq under the ticker XRPN. Evernorth, which is supported by investors including Ripple, SBI Group, and Kraken, currently holds approximately 473 million XRP and aims to manage an actively managed corporate treasury centered on the XRP ecosystem.
Entities
Armada Acquisition Corp. II · Evernorth Holdings · Hidden Road · Nasdaq · Noel Kimmel · Ripple · Ripple Prime · SEC · U.S. Securities and Exchange Commission
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 10 SOURCES] If approved, the combined company intends to list on Nasdaq under the ticker XRPN. blockzeit.com · coinpaper.com · www.crypto-insiders.nl · www.ibtimes.com · coinpedia.org · +4 more
- [● 11 SOURCES] The SEC has declared Evernorth Holdings’ Form S-4 registration statement effective for its merger with Armada Acquisition Corp. II. blockzeit.com · coinpaper.com · www.crypto-insiders.nl · www.ibtimes.com · coinpedia.org · +5 more
- [DISPUTED] Armada Acquisition Corp. II shareholders are scheduled to vote on the Evernorth merger on September 30, 2026. blockzeit.com · coinpaper.com · www.crypto-insiders.nl · www.ibtimes.com · coinpedia.org · +4 more
- [● 10 SOURCES] The Delta One platform allows for cross-margining of positions across multiple asset categories. bitcoinethereumnews.com · blogtienao.com · crypto.news · themarketperiodical.com · www.cryptoninjas.net · +4 more
- [● 4 SOURCES] Evernorth is backed by investors including Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. coinpaper.com · www.ibtimes.com · coinpedia.org
- [● 5 SOURCES] Evernorth aims to manage an active XRP treasury, currently holding approximately 473 million XRP. blockzeit.com · coinpaper.com · www.ibtimes.com · coinpedia.org · www.kapitalmarktexperten.de
- [● 9 SOURCES] Ripple Prime maintains more than $1 billion in regulatory net capital. bitcoinethereumnews.com · themarketperiodical.com · u.today · www.tokenpost.kr · www.blockmedia.co.kr · +3 more
- [● 11 SOURCES] Ripple Prime has launched a Delta One business enabling institutional clients to trade total return swaps on US equities, indices, and digital assets. bitcoinethereumnews.com · blogtienao.com · crypto.news · themarketperiodical.com · coingape.com · +5 more
- [● 9 SOURCES] Ripple Prime completed a $275 million private placement of senior unsecured notes in August. www.tokenpost.kr · bitcoinethereumnews.com · www.blockmedia.co.kr · crypto.news · www.cryptoninjas.net · +3 more