Evernorth plans to deploy around 473 million XRP via an institutional strategy, with a current value of approximately $648 million.

U.S. public company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy its approximately 473 million XRP holdings starting in the fourth quarter via institutional strategies. The holdings are currently valued at around $648 million. Evernorth went public via a SPAC merger and will also expand into lending on the XRP Ledger and on-chain DeFi strategies in the future.

@tonmelonfest