Evernorth, the largest public XRP treasury company, has emphasized the outdated nature of global banking systems, which it claims are unable to keep pace with modern digital finance. Speaking at the Web Summit Vancouver, COO Meg Nakamura highlighted that many banking systems, built 30 to 60 years ago, are too slow for today's internet-driven world. She suggested that blockchain networks like the XRP Ledger could facilitate faster global money transfers, akin to the instant sharing of photos online. Evernorth also noted that XRP is expanding beyond cross-border payments into decentralized finance (DeFi), lending, and tokenized financial products. The company sees potential in combining blockchain with AI to drive financial innovation, while cautioning against the risks of rapid AI development without proper safeguards. In a strategic move, Evernorth plans to list on Nasdaq under the ticker "XRPN" following a merger with Armada Acquisition Corp. II. The company has raised over $1 billion to support its XRP treasury strategy, with backing from Ripple, SBI Holdings, Pantera Capital, and Kraken.