The newly listed Nasdaq firm plans to begin deploying its 473 million XRP treasury through institutional strategies in Q4 2026.
Evernorth Holdings plans to begin putting its 473 million XRP treasury to work through institutional strategies with Ripple, Kraken, Coinbase and BitGo in the fourth quarter of 2026.
The company announced the four partners on Oct. 14, following its Oct. 8 listing on the Nasdaq Global Market under the ticker XRPN after completing its business combination with Armada Acquisition Corp. II.
The strategy will initially rely on established institutional counterparties and oversight from Evernorth’s investment and risk team, with the aim of generating earnings from its XRP holdings and increasing XRP per share over time.
As the XRP Ledger’s native lending and onchain credit capabilities mature, Evernorth plans to allocate treasury capital directly to decentralized finance markets on the network.
The program will be overseen by Chief Investment Officer Hugo Jeandesboz, who joined from Coinbase Asset Management, where he served as co-chief investment officer and led the firm’s Solutions investment strategies, Evernorth said.
The partnership agreements are subject to customary closing conditions and required regulatory and corporate approvals.
