October 14th 2026, 1:20 PM
Coinbase Joins Ripple-Backed XRP Treasury Institutional Players
Key Summary
Coinbase has been named an institutional partner for Ripple-backed XRP treasury Evernorth, joining Kraken and other major players in deploying the 473 million XRP holding into institutional strategies. This marks the start of Evernorth's phased approach to putting its XRP treasury to work, with the goal of increasing earnings on XRP with requisite controls and reporting standards.
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Introduction
Coinbase has been named one of the institutional partners for Ripple-backed XRP treasury Evernorth as it begins to deploy from its 473 million XRP holding.Background
Evernorth today announced its inaugural institutional execution partners, including Ripple, Kraken, Coinbase, and BitGo.Evernorth's Strategy
The company seeks to both accumulate and deploy from its 473 million XRP treasury into institutional strategies beginning in the fourth quarter of 2026.Phased Approach
Evernorth's strategy is intended to increase as the XRP Ledger's own financial infrastructure matures.Institutional Partners
Coinbase and other partners will work together to put Evernorth's XRP treasury to work in institutional strategies, providing a foundation for generating earnings on XRP.Regulatory Environment
The announcement comes as Evernorth will ring the Nasdaq closing bell today to celebrate its debut as a public company.Conclusion
Evernorth's partnership with Coinbase and other major players marks a significant milestone in the company's journey to deploy its XRP treasury into institutional strategies.#XRP#US#Crypto#Nasdaq