Evernorth taps Ripple, Kraken, Coinbase and BitGo to put $648 million XRP treasury to work
60-second summary
Evernorth announces a phased rollout of XRP lending and yield strategies, deploying its $648 million XRP treasury after its Nasdaq debut, and partners with Ripple, Kraken, Coinbase and BitGo to manage the program. The firm aims to generate steady returns on its digital‑asset holdings, signaling growing institutional confidence that could boost broader crypto market liquidity and adoption.
Evernorth said it is planning a phased move into XRP lending and yield strategies following its Nasdaq debut.