Evernorth Holdings, listed on Nasdaq under the ticker XRPN, announced on October 14, 2026 that it has partnered with Ripple, Kraken, Coinbase and BitGo to actively manage a treasury of 473 million XRP worth approximately $648 million. The plan calls for phased deployment starting in Q4 2026 into lending, credit markets and yield-generating DeFi strategies on the XRP Ledger. The company went public through a deSPAC merger with Armada Acquisition Corp. II, finalized on October 9, before shares began trading on October 12. Under Chief Investment Officer Hugo Jeandesboz, formerly co-CIO at Coinbase Asset Management, Evernorth aims to prove that idle tokens represent a missed opportunity.
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