CatalystFixed Income
Evernorth taps Ripple, Kraken, Coinbase and BitGo to put $648 million XRP treasury to work
Evernorth deploys $648 million XRP treasury via Ripple, Kraken, Coinbase, BitGo.
Context
What happened: Evernorth said it plans a phased move into XRP lending and yield strategies after its Nasdaq debut, working with Ripple, Kraken, Coinbase and BitGo.
Key numbers: $648 million XRP treasury.
Why it matters: The partnerships put the treasury to work through lending and yield strategies, marking a shift beyond simply holding XRP.
What changed
Evernorth said it plans a phased move into XRP lending and yield strategies after its Nasdaq debut, working with Ripple, Kraken, Coinbase and BitGo.
Why it matters
The partnerships put the treasury to work through lending and yield strategies, marking a shift beyond simply holding XRP.