A Daily Network publication
Explore the network
The Daily NetworkAbout the network →
Private Wealth DailyPrivate wealthDigital Capital DailyYou’re reading this editionESG Capital DailySustainable capitalETF DailyETFsETF Pro AIThe fund terminalFamily Office DailyFamily offices & private capitalInsurance Capital DailyInsurance capitalInterval Fund DailySemi-liquid fundsPrivate Credit DailyPrivate creditPrivate Infrastructure DailyInfrastructurePrivate Real Estate DailyReal estateRetirement Capital DailyRetirement assetsSecondaries DailySecondariesWealth Advisor Daily
Digital Capital Daily
Independent Intelligence on Institutional Digital Assets
Friday, October 16, 2026The Morning Brief →Sign in
The Digital Asset WeekThe Wrap

Evernorth names Ripple, Kraken, Coinbase and BitGo for $648M XRP treasury

The company describes the lending and yield work as phased and has not detailed the counterparties' roles, terms or timetable.

By The Wrap DeskFriday, October 16 at 2:19 PM ET

At a glance

20-second brief

  • Evernorth, a Nasdaq-listed company, has named Ripple, Kraken, Coinbase and BitGo as counterparties for a $648 million XRP treasury, and says it is planning a phased move into XRP lending and yield strategies.

  • The company has not said which of the four firms will custody the XRP, what each will do in the lending plan, or the terms and timetable for it.

Evernorth, a Nasdaq-listed company, has named Ripple, Kraken, Coinbase and BitGo as counterparties for a $648 million XRP treasury, and says it is planning a phased move into XRP lending and yield strategies.

The company has not said which of the four firms will custody the XRP, what each will do in the lending plan, or the terms and timetable for it.

Digital Capital Daily member access

Continue this analysis

Get the complete Digital Capital Daily analysis and every detail that follows.

Enter a valid work email to continue reading.

Digital Capital Daily's daily briefing. Unsubscribe anytime.

Full featuresIn-depth analysis and exclusive reporting.
Source-backed contextEvidence, context and the complete story.
One login across the networkAccess every Daily Network publication.
Sources & further reading
Digital Capital Daily weekly data pack
In this storyBitGoEvernorthRippleCoinbaseKraken
More from Digital Capital Daily
The Wrap

Perpetuals.com files with SEC to run tokenized US stock venue

The Nasdaq-listed fintech, run by former FTX Europe chief Patrick Gruhn, is the second firm to seek the SEC's innovation exemption for tokenized U.S. equities.
The Wrap

Kraken Parent Payward to Buy Lithuania's Saldo Bank for EU Banking License

The Kraken parent would gain a license to offer interest-bearing deposits, loans, payment cards and euro payments.
The Wrap

MSCI finalizes index rules that could remove Strategy and Metaplanet from global equity indexes

Affected companies will be named Nov. 11; the change takes effect at the close of Nov. 30.
Elsewhere in the networkAll titles →
ETF Daily

GraniteShares takes five of eight slots on last week's leveraged and inverse ETF ranking

ETF Daily

Crypto ETF flows are the durability test for Bitcoin's bounce

Wealth Advisor Daily

Hightower: AI capex is structural

Every weekday · 6:30 a.m. ET

The Morning Brief

The latest from Digital Capital Daily, in your inbox every weekday. Free.