The listing follows the closure of a merger with special purpose acquisition company Armada Acquisition Corp. II, making Evernorth the first publicly traded company to maintain an XRP treasury. The structure allows institutional and retail investors to gain exposure to the digital asset via the equity market.
Wednesday, October 21, 2026
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Evernorth Names Former Coinbase CIO to Manage 473M XRP Treasury
Crypto9 days ago
Hugo Jeandesboz has been appointed as chief investment officer to lead a digital asset portfolio valued at approximately $672 million. The former Coinbase Asset Management co-CIO will steer Evernorth's holdings of 473 million XRP as the company begins trading on the Nasdaq under the ticker XRPN.
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