- David Schwartz unveils next chapter, joining Evernorth after Ripple exit.
- Evernorth plans Nasdaq debut with billion-dollar XRP investment focus.
- Ripple, SBI, and top firms back Evernorth’s institutional XRP vision.
The XRP community was filled with excitement after David “JoelKatz” Schwartz gave an update about his next professional chapter. According to his post on X, Schwartz announced that he will be joining Evernorth as a strategic advisor, marking his first public move after stepping away from his role as Ripple’s Chief Technology Officer.
He explained that Evernorth, founded by his longtime associate Ashgoblue, was created as a regulated and scalable investment platform designed to expand XRP’s reach within decentralized finance and capital markets. Schwartz expressed enthusiasm about this new phase, saying the project aligns with his vision of broadening XRP’s presence in global financial systems.
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Evernorth Announces Nasdaq Listing Plan
Evernorth revealed that it has entered into a business combination agreement with Armada Acquisition Corp II, a Nasdaq-listed special purpose acquisition company. The merger is expected to raise over $1 billion and result in one of the largest public XRP treasury companies. Once finalized, the combined entity will trade on Nasdaq under the ticker symbol “XRPN.”
The move positions Evernorth to serve as a bridge between digital assets and traditional finance. By offering regulated XRP-based investment products, the company aims to attract institutional investors and enhance participation in the growing digital asset sector. Schwartz’s involvement is viewed as a key addition to Evernorth’s leadership and strategic direction.
Ripple and Top Investors Support Evernorth’s Expansion
Ripple has joined a consortium of major investors backing Evernorth Holdings Inc., a Nevada-based corporation focused on institutional XRP adoption. Other backers include Rippleworks, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen, signaling strong institutional confidence in Evernorth’s mission.
David Schwartz’s update to the XRP community marks the beginning of a new chapter in his career. His decision to join Evernorth as a strategic advisor highlights his ongoing dedication to advancing XRP’s institutional growth.
With powerful investor backing and a planned Nasdaq listing, Evernorth’s rise reflects a collective push to strengthen XRP’s standing in the global financial landscape.
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