Evernorth taps Ripple, Kraken, Coinbase and BitGo to deploy $648M XRP treasury
- —Evernorth's XRP treasury is valued at $648 million
- —Partners include Ripple, Kraken, Coinbase and BitGo
- —The company plans a phased move into lending and yield strategies
- —The plan follows Evernorth's Nasdaq debut
Why it matters: A large XRP treasury moving into yield via institutional partners could lift demand for XRP and set a precedent for other corporate holders.
Source: The Block
More on this
Exchanges · Oct 12Evernorth taps ex-Coinbase investment exec to lead 473 million XRP treasury ahead of Nasdaq debut
Exchanges · Oct 10Ripple-backed XRP treasury firm Evernorth completes SPAC merger, to list on Nasdaq
Exchanges · Sep 17Evernorth: Wall Street isn't waiting, it's already deploying XRP infrastructure