Evernorth taps Ripple and three firms for 473 million XRP treasury plans

Evernorth has selected Ripple, Kraken, Coinbase, and BitGo to support investment strategies using its 473 million XRP treasury, with initial deployment planned for the fourth quarter of 2026. Summary 473 million XRP forms the treasury from which Evernorth plans to deploy investment capital. Four institutional partners will support the company’s XRP accumulation and investment activities. XRP Ledger lending strategies will depend on validator activation and a proven production record. Chief investment officer Hugo Jeandesboz will oversee allocation, liquidity and counterparty relationships. Evernorth announced on Oct. 14 that it plans to generate earnings from its holdings while continuing to accumulate XRP, pursuing an increase in the number of tokens held per share. Under the company’s announced terms, the partnership agreements remain subject to customary closing conditions and any required regulatory and corporate approvals. Evernorth described an initial institutional investment phase, followed by potential participation in lending and credit markets on the XRP Ledger. “We’re putting our treasury to work,” founder and CEO Asheesh Birla said. Evernorth plans institutional XRP in...