Evernorth Enlists Ripple and Exchanges for XRP Yield Plans
Evernorth plans to launch institutional XRP strategies in Q4, with direct XRP Ledger credit-market investments expected as infrastructure develops.
Nasdaq-listed treasury company Evernorth is working with Ripple, Kraken, Coinbase and BitGo on plans to generate yield from XRP, according to The Defiant.
The company aims to begin rolling out institutional strategies in the fourth quarter. The source summary did not detail the roles of the four firms or the structure of those strategies.
Evernorth also plans to invest directly in credit markets on the XRP Ledger as supporting infrastructure matures. That step is expected to follow the initial institutional rollout.
Source: The Defiant
