Evernorth is the first publicly listed company to maintain an XRP treasury, holding approximately 473 million tokens. To generate yield, the firm plans deployments of these assets in the fourth quarter through partnerships with Ripple, Kraken, Coinbase, and BitGo. Shares of XRPN closed their debut at $16.91, down 1.05%, after reaching an intraday peak of $19.38, marking the first public market test for a treasury wrapper of this type since the previous industry wave declined.
Tuesday, October 20, 2026
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Ripple CEO Brad Garlinghouse Joins Evernorth as Strategic Advisor
Crypto6 days ago
The head of Ripple will provide guidance on the growth of public treasury companies after Evernorth began trading on the Nasdaq under the ticker XRPN. Brad Garlinghouse has joined the firm as a strategic advisor to help steer the vision for XRP treasury vehicles, an appointment he announced during a live event at the exchange where Evernorth rang the closing bell.
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