Evernorth Names Four Partners for Planned Q4 XRP Deployment

Evernorth plans to begin deploying XRP from its 473 million XRP treasury through institutional strategies in the fourth quarter of 2026, naming Ripple, Kraken, Coinbase and BitGo as its first execution partners. The company announced the partnerships Oct. 14 and described the effort as phased. It did not specify allocations to the partners or detail the strategies. Evernorth completed its business combination with Armada Acquisition Corp. II on Oct. 9. The company began trading on Nasdaq under the ticker XRPN on Oct. 12. An earlier Securities and Exchange Commission registration statement projected at least 473,276,430 XRP at closing.