Digital asset treasuries (DATs) have exploded this year, revealing a growing trend of public firms raising funds to buy and add digital assets to their treasuries.
XRP has not been left out of the party; In June, Singapore-based Trident Digital announced plans to raise $500 million to build an XRP treasury.
Earlier, Webus International had revealed plans to raise $300 million through non-equity funding to support its global chauffeur payment network with an XRP reserve. Saudi Arabia-based VivoPower International also revealed plans to build a $121 million XRP treasury, indicative of growing interest from companies in the XRP cryptocurrency.
HOT Stories What's Next for XRP? Ripple CTO Set to Reveal Treasury Insights at Key EventWill Dogecoin (DOGE) Price Rebound in November?Crypto Market Prediction: Is Shiba Inu (SHIB) in Critical Condition? Ethereum (ETH) Bounce Must Happen, Bitcoin (BTC) Bounces Before $110,000Major Date for XRP Holders Revealed, Michael Saylor Reacts to Bitcoin (BTC) Price Crash, Cardano (ADA) Confirms Death Cross — Crypto News Digest
Fast forward to October, Evernorth announced it had entered a business combination agreement with Armada Acquisition Corp II, a transaction expected to raise $1 billion in gross proceeds, creating the largest public XRP treasury company. On Oct. 30, Evernorth announced that the combined company created with the agreement has begun trading on Nasdaq under the ticker symbol XRPN.
What's next?
In a recent tweet, Ripple revealed that CTO David Schwartz, who is also a strategic advisor to Evernorth, will be joining Evernorth CEO Asheesh Birla and Armada Acquisition Corp. II / Arrington Capital Fund CEO Michael Arrington to discuss what to expect from Evernorth, XRP and the rise of DATs at the Swell event scheduled for Nov. 4 to 5.
Digital Asset Treasuries (DATs) have exploded this year.@Evernorthxrp CEO @ashgoblue and @joelkatz join Michael @Arrington to talk about what to expect from Evernorth, $XRP and the rise of DATs.
Live at Swell, Nov 4-5: https://t.co/8VPSTTR0kl pic.twitter.com/vFzyIO3L7R
In September, David Schwartz revealed he would be stepping back from his day-to-day duties as Ripple CTO at the end of this year and joining Ripple's Board of Directors to continue supporting the company’s mission and long-term vision.
As one of the original architects of XRP Ledger, Schwartz will be shedding insights on what comes next amid his new take up of roles both at Ripple and Evernorth.
Last month, Ripple announced that it had acquired GTreasury, a Chicago-based fintech company that specializes in providing treasury management system software and solutions, for $1 billion. More insights will also be anticipated along this direction at the Ripple Swell event.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
