Newsig · The Block
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.
Why it matters
XRP · Why linked: Evernorth is building a $648M XRP position and expanding yield strategies involving the token. Market context: Large institutional treasury deployment and yield strategies could increase buying pressure and liquidity demand for XRP.
COIN (Coinbase) · Why linked: Coinbase is named as a partner custodian/service for Evernorth's XRP treasury operations. Market context: A new institutional client engagement supports revenue from Coinbase's custody and trading services.
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