Evernorth announces partnership to deploy its 473 million XRP treasury after Nasdaq debut
Evernorth Holdings, the newly listed digital‑asset treasury company, said it will work with Ripple, Kraken, Coinbase and BitGo to put its 473 million XRP holdings to work in institutional strategies starting in the fourth quarter of 2026. The firm appointed former Coinbase Asset Management executive Hugo Jeandesboz as chief investment officer to oversee the deployment. Evernorth began trading on Nasdaq in early October 2026 following its merger with Armada Acquisition Corp. II.
Why it matters
The company expects the partnership to generate earnings from its XRP treasury and to grow the amount of XRP represented per share, which could affect the valuation of XRPN shares (the company notes the aim is to increase XRP per share over time).
Key facts
- 1Evernorth holds 473 million XRP, valued at about $648 million. theblock.co
- 2The firm named Ripple, Kraken, Coinbase and BitGo as its first institutional execution partners. stocktitan.net
- 3Hugo Jeandesboz was appointed chief investment officer on September 28 2026. stocktitan.net
- 4Evernorth’s shares began trading on Nasdaq under the ticker XRPN on October 8 2026. stocktitan.net
- 5The company plans to start deploying its XRP treasury in the fourth quarter of 2026. cryptorank.io
Open questions
- Material 3 says shares began trading on October 8 2026, while materials 1, 2, 4, 5 and 6 refer to the debut occurring on October 14 2026.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.