XRPN vs XRP: How will financial packaging carriers trade with the tokens themselves?
The merger of Evernorth, Armada Acquisition Corp, and II has been completed. XRPN began trading on NASDAQ on October 12th, holding approximately 473 million XRP on its balance sheet.
An expert said that this is the first major financial services company to go public in a long time, and pointed out that the financial services bubble has "burst and cooled down significantly."
This listing allows investors to compare in real-time: how the performance of a company packaged with XRP will compare to that of XRP itself.
The report indicates that this listing took place in a more skeptical and cautious market environment than when the first wave of financial companies were launched.
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