Evernorth plans to deploy approximately 473 million XRP through an institutional strategy, currently valued at about $648 million.

BlockBeats news, October 14: U.S.-listed company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy approximately 473 million XRP it holds through institutional strategies starting in the fourth quarter, currently valued at about $648 million. Evernorth previously went public through a SPAC merger and will also expand into lending and on-chain DeFi strategies on the XRP Ledger in the future.