Evernorth Plans XRP Treasury Deployment With Four Partners
The Nasdaq-listed company says it will begin institutional strategies with Ripple, Kraken, Coinbase and BitGo in the fourth quarter.
Key takeaways
- Evernorth plans to deploy from its 473 million XRP treasury starting in the fourth quarter of 2026.
- Its first phase will use Ripple, Kraken, Coinbase and BitGo as institutional partners.
Evernorth said it will begin deploying its 473 million XRP treasury with Ripple, Kraken, Coinbase and BitGo in the fourth quarter of 2026.
The company plans to both accumulate XRP and put it to work through institutional strategies. Its first phase will use established counterparties, with oversight from Evernorth’s investment and risk team.
Evernorth said it intends to add decentralized finance strategies on the XRP Ledger as its lending and on-chain credit capabilities are activated by validators and proven in production. Partnership agreements remain subject to customary closing conditions and required regulatory and corporate approvals.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
