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CryptoMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
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Evernorth Taps Ripple and Coinbase to Manage 473 Million XRP Treasury

Key Facts

1Evernorth announced Ripple, Kraken, Coinbase, and BitGo as its inaugural institutional execution partners for its XRP treasury.
2The company plans to deploy from its 473 million XRP treasury into institutional strategies starting in Q4 2026.

Evernorth Holdings Inc. announced Ripple, Kraken, Coinbase, and BitGo as its institutional execution partners to manage its digital asset treasury. According to a statement on GlobeNewswire, the company plans a phased move into XRP lending and yield strategies using its 473 million XRP units, a treasury currently valued at approximately $648 million, starting in the fourth quarter of 2026.

The move into yield-generating strategies follows the company's recent Nasdaq listing, where NDAQ closed at $93.48 on October 13, 2026. Among the execution partners, COIN closed at $181.79 and BTGO closed at $7.00 on October 13, 2026, as Evernorth establishes the institutional controls and counterparty standards required for public companies operating within the XRP economy.