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Evernorth taps Ripple, Kraken, Coinbase and BitGo to deploy XRP treasury

Nasdaq-listed Evernorth announced Ripple, Kraken, Coinbase and BitGo as inaugural partners to deploy its 473 million XRP treasury into institutional lending and yield strategies.

Graphic displaying the yellow logos of Evernorth, Ripple, Kraken, Coinbase, and BitGo against a black background.
Image: @CoinDesk

Evernorth announced on Oct. 14 that it has partnered with Ripple, Kraken, Coinbase and BitGo as its inaugural institutional execution partners. According to the company, the four firms will provide the operational framework to deploy its 473 million XRP treasury into institutional strategies.[9][8][5][7]

The treasury deployment follows Evernorth's debut on Nasdaq, where it trades under the ticker XRPN. Evernorth indicated that it plans a phased expansion into XRP lending and yield generation. Media outlets estimated the treasury balance at roughly $630 million to $648 million at the time of the rollout.[6][4][1][3][8][2]

Key facts

  • Evernorth selected Ripple, Kraken, Coinbase and BitGo as its inaugural institutional execution partners.
  • Evernorth's treasury consists of 473 million XRP, valued between $630 million and $648 million.
  • Evernorth plans a phased rollout into XRP lending and yield strategies following its Nasdaq debut.
  • Evernorth trades under the ticker symbol XRPN.

Sources 路 9 sources

  1. CB

    Crypto BriefingArticle 路

    Evernorth taps Ripple, Kraken, Coinbase and BitGo as it readies $630 million XRP treasury rollout Evernorth's active management of its XRP treasury could set a precedent for crypto firms, highlighting potential risks and opportunities in DeFi. The post Evernorth taps Ripple, Kraken, Coinbase and BitGo as it readies $630 million XRP treasury rollout appeared first on Crypto Briefing .

    Open source
  2. XU

    XRP Update@XrpUdatePost on X 路

    Evernorth ($XRPN) announces its inaugural institutional execution partners: - Ripple - Kraken - Coinbase - BitGo FOUR MAJOR NAMES. ONE BIG STEP FOR INSTITUTIONAL $XRP EXPOSURE! 馃挜馃搱 https://t.co/3lIaYT6xAX

    Open source
  3. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: Evernorth partners with Ripple, Kraken, Coinbase and BitGo to put its $648 MILLION XRP treasury to work. https://t.co/mGynjlXTPG

    Open source
  4. TB

    The Block@TheBlockCoPost on X 路

    Evernorth taps Ripple, Kraken, Coinbase and BitGo to put $648 million XRP treasury to work https://t.co/9a4e6wV52f

    Open source
  5. WO

    Wendy O@CryptoWendyOPost on X 路

    JUST IN: Evernorth $XRPN announced Ripple, Kraken, Coinbase, and BitGo as its inaugural institutional execution partners to begin deploying its 473 million $XRP treasury into institutional strategies

    Open source
  6. TB

    The BlockArticle 路

    Evernorth taps Ripple, Kraken, Coinbase and BitGo to put $648 million XRP treasury to work Evernorth said it is planning a phased move into XRP lending and yield strategies following its Nasdaq debut.

    Open source
  7. TW

    The Wolf Of All Streets@scottmelkerPost on X 路

    EVERNORTH $XRPN ANNOUNCES RIPPLE, KRAKEN, COINBASE AND BITGO AS INSTITUTIONAL EXECUTION PARTNERS TO DEPLOY 473 MILLION $XRP TREASURY

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  8. CO

    CoinDesk@CoinDeskPost on X 路

    NEW: @Nasdaq listed @evernorthxrp names @Ripple, @Krakenfx, @Coinbase and @BitGo as inaugural institutional partners to deploy its 473M $XRP treasury. https://t.co/czhcUMB49V

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  9. EV

    evernorthxrp@evernorthxrpPost on X 路

    The best work isn鈥檛 done alone. Today, we鈥檙e announcing our inaugural institutional execution partners: @Ripple, @krakenfx, @coinbase and @BitGo. Together, they provide a foundation to begin putting our 473 million XRP treasury to work in institutional strategies. More on our partners and what comes next: https://t.co/7fULMvi79X Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/zkVF2SzM0Y

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