On October 12, 2026, Ibernus Botonju’s common stock began trading on the Nasdaq exchange under the ticker XRPN. At the time of its corporate merger, the company held about 473 million XRP, making clear the distinction between owning the listed shares and actually holding XRP.
Ibernus officially announced that its corporate merger was completed on October 9 of that year. In the process, the company restructured its assets and management strategy, emphasizing that the listed shares do not establish a direct trading relationship with XRP through their valuation.
The official documents of XRPL (Ripple Blockchain) detail the core functions provided by the network such as decentralized exchanges and token issuance. It is difficult to confirm its usage at a scale that financial institutions continuously use, and to assess real market utilization one must examine actual usage indicators and choices in detail.
Unlike the previous case, Ibernus Botonju’s listed securities are not institutional bonds but common stock transactions, and therefore they do not directly reflect XRP price or XRPL usage. Investors should monitor market volatility driven by the company’s financial structure and management strategy, and should not expect profits simply from a rise in XRP price.