Evernorth has announced its first institutional execution partners: Ripple, Kraken, Coinbase, and BitGo. The company plans to deploy its 473 million XRP treasury into institutional strategies starting in the fourth quarter of 2026. The partnerships were selected for their institutional infrastructure, licensing, financial strength, and experience working with public companies. Hugo Jeandesboz, who became chief investment officer on September 28, will lead the deployment program. He previously served as co-CIO at Coinbase Asset Management. The longer-term plan also includes exploring opportunities in decentralized finance on the XRP Ledger network.
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