Evernorth Appoints Former Coinbase Investment Executive to Manage XRP Treasury, Holds Approximately $672 Million in XRP Ahead of Listing

Odaily News: Evernorth, a company focused on XRP treasury management, has completed its SPAC merger and plans to list on Nasdaq. The company currently holds approximately $672 million in XRP assets.

Evernorth stated that it will increase its XRP holdings through lending, liquidity provision, and other yield strategies, and enhance the amount of XRP corresponding to each share.

Additionally, Evernorth has appointed Hugo Jeandesboz, former Co-Chief Investment Officer at Coinbase Asset Management, as Chief Investment Officer, responsible for the company's investment strategy. (The Block)