Digital asset treasuries (DATs) have exploded this 12 months, revealing a rising development for public firms to boost funds to purchase digital belongings and add them to their treasuries.
XRP has not been neglected of the celebration. In June, Singapore-based Trident Digital introduced plans to boost $500 million to construct an XRP treasury.
Beforehand, Webus Worldwide revealed plans to boost $300 million by non-equity financing to assist a worldwide driver funds community powered by XRP reserves. Saudi Arabia-based VivoPower Worldwide additionally revealed plans to construct a $121 million XRP vault, demonstrating rising company curiosity within the XRP cryptocurrency.
Quick ahead to October, Evernorth introduced that it had entered right into a enterprise mixture settlement with Armada Acquisition Corp II. The deal is predicted to boost whole proceeds of $1 billion and create the biggest publicly traded XRP treasury firm. On October 30, Evernorth introduced that the mixed firm fashioned beneath the settlement started buying and selling on the Nasdaq beneath the ticker image XRPN.
What's subsequent?
In a latest tweet, Ripple revealed that Evernorth's Chief Expertise Officer (CTO) David Schwartz, who can be a strategic advisor, will be a part of Evernorth CEO Asheesh Birla and Armada Acquisition Company II/Arlington Capital Fund CEO Michael Arrington to debate the rise of Evernorth, XRP, and DAT at a Swell occasion scheduled for November 4th and fifth.
Digital belongings Treasuries (DATs) have exploded this 12 months. @Evernorthxrp CEOs @ashgoblue and @joelkatz be a part of Michael @Arrington to speak about what to anticipate from the rise of Evernorth, $XRP, and DAT.
Dwell at Swell November 4-5: https://t.co/8VPSTTR0kl pic.twitter.com/vFzyIO3L7R
— Ripple (@Ripple) October 31, 2025
In September, David Schwartz introduced that he would step down from his day-to-day duties as Ripple CTO on the finish of this 12 months and be a part of Ripple's board of administrators to proceed supporting the corporate's mission and long-term imaginative and prescient.
As one of many unique architects of the XRP Ledger, Schwartz will present perception into what's subsequent in his new function at each Ripple and Evernorth.
Ripple introduced final month that it had acquired GTreasury, a Chicago-based fintech firm specializing in offering monetary administration system software program and options, for $1 billion. Additional insights alongside this line are additionally anticipated within the Ripple swell occasion.
