Evernorth taps Ripple, Kraken, Coinbase and BitGo to put its $648M XRP treasury to work

Evernorth is partnering with Ripple, Kraken, Coinbase, and BitGo to actively deploy its $648 million XRP treasury, moving beyond passive holding into yield-generating strategies. The involvement of major regulated exchanges and custodians signals growing institutional infrastructure around XRP and could encourage other firms to manage crypto treasuries more actively. For traders, the news is a moderate positive for XRP sentiment, as it implies deeper liquidity and utility demand, though the scale is not large enough to guarantee a sustained price move.