Evernorth appoints four institutional partners to deploy its 473 million XRP treasury
Evernorth Holdings announced that Ripple, Kraken, Coinbase and BitGo will serve as its inaugural institutional execution partners. The firm will begin deploying its 473 million XRP treasury into institutional strategies in the fourth quarter of 2026, overseen by newly appointed CIO Hugo Jeandesboz. The partnership aims to generate earnings and increase the amount of XRP held per share. Evernorth’s shares started trading on Nasdaq under the ticker XRPN on October 8, 2026.
Why it matters
The company expects the partnership to generate returns on its roughly $648 million XRP treasury and to grow XRP per share over time (the company says). Investors will gain exposure to active XRP management rather than passive holding.
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
- 3Initial deployment of the XRP treasury is planned for the fourth quarter of 2026. stocktitan.net
- 4Hugo Jeandesboz was appointed chief investment officer on September 28, 2026. stocktitan.net
- 5Evernorth’s shares began trading on Nasdaq under the ticker "XRPN" on October 8, 2026. stocktitan.net
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.