Evernorth to Utilize $648 Million XRP Treasury through Lending and Yield Strategies

By Bitcoincryptos ResearchUpdated 4 days ago1 min read

Evernorth, a healthcare-focused financial services company, has partnered with Ripple, Kraken, Coinbase, and BitGo to deploy its $648 million XRP treasury. The company plans to move into XRP lending and yield strategies in a phased approach. This move comes after Evernorth's successful Nasdaq debut. This development is notable as it highlights the growing adoption of XRP in institutional settings. The partnership aims to put the XRP treasury to work and generate returns for the company.

Source

"Evernorth to Utilize $648 Million XRP Treasury through Lending and Yield Strategies" — The Block

This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.

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