Evernorth to Begin Deploying from 473 Million XRP Treasury with Ripple, Kraken, Coinbase and BitGo
Key Highlights
- ➤Evernorth will deploy its 473 million XRP treasury into institutional strategies in Q4 2026
- ➤Ripple, Kraken, Coinbase and BitGo named as inaugural institutional execution partners
- ➤Evernorth shares began Nasdaq trading under XRPN on October 8, 2026
- ➤Hugo Jeandesboz appointed CIO to oversee treasury deployment program
Expert Statements
Asheesh Birla, Founder and CEO of Evernorth
“We’re putting our treasury to work”
Asheesh Birla, Founder and CEO of Evernorth
“We are beginning with some of the strongest institutional counterparties in the industry, and as the XRP Ledger's own credit markets come online, we intend to be there with capital on day one. That is how we grow XRP per share over time, and that is how we help the ecosystem grow with us.”
Hugo Jeandesboz, Chief Investment Officer of Evernorth
“The question for any treasury is not whether it can hold an asset, but whether it can manage one”
Hugo Jeandesboz, Chief Investment Officer of Evernorth
“That means a treasury strategy, a risk framework and counterparties you would be comfortable explaining to a public-company board. Ripple, Kraken, Coinbase and BitGo meet that bar today. As the XRP Ledger matures, the same discipline will govern how and when we move on-chain.”
* Announcement comes within one week of Evernorth’s debut as a Nasdaq-listed company * Institutional strategies with partners to begin in the fourth quarter of 2026 * The partnerships mark the start of a phased approach to make the company's XRP treasury productive, led by newly appointed CIO Hugo Jeandesboz SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced its inaugural institutional execution partners: Ripple, Kraken, Coinbase and BitGo. Working with these partners, Evernorth will both accumulate and deploy from its 473 million XRP treasury into institutional strategies beginning in the fourth quarter of 2026. The announcement also comes as Evernorth will ring the Nasdaq closing bell today to celebrate its debut as a public company, and it marks the start of the company's phased approach to put its XRP treasury to work rather than simply hold it.
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