Evernorth to Begin Deploying from 473 Million XRP Treasury with Ripple, Kraken, Coinbase and BitGo
Evernorth Holdings (Nasdaq: XRPN) named Ripple, Kraken, Coinbase and BitGo as its inaugural institutional execution partners and will begin deploying from its 473 million XRP treasury into institutional strategies in Q4 2026. The program is led by CIO Hugo Jeandesboz, hired September 28 from Coinbase Asset Management, and is a phased approach: starting with established counterparties, then moving into on-chain DeFi strategies as XRP Ledger lending and credit markets mature. CEO Asheesh Birla framed the goal as growing XRP per share over time.
Key figures
- Xrp treasury
- 473 million XRP
- Deployment start
- Q4 2026
- Nasdaq listing date
- 2026-10-08
- Cio appointment date
- 2026-09-28
AI analysis
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