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      XRP treasury company Evernorth plans to deploy its $648 million XRP reserve into business operations

      PANews reported on October 14, citing The Block, that XRP treasury company Evernorth has partnered with Ripple, Kraken, Coinbase and BitGo, planning to deploy its reserve of roughly 473 million XRP (worth about $648 million at current prices) into business operations. Evernorth plans to actively manage its holdings through lending, liquidity provision and other yield strategies, aiming to increase the amount of XRP per share rather than simply holding. As related features go live, the company also plans to expand into lending on the XRP Ledger and on-chain DeFi strategies.


      Source: PANews
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