# Evernorth Names Four Partners for Planned XRP Treasury Strategies By John Kim Canonical URL: https://www.tokenpost.com/news/business/38285 Published: 2026-10-22T19:58:49.000Z Updated: 2026-10-22T19:58:49.000Z Section: Business > The institutional program targets a fourth-quarter 2026 start. A later DeFi phase depends on validators activating native lending features on the XRP Ledger. Evernorth Holdings Inc. plans to work with four crypto companies on institutional XRP treasury strategies, with deployment targeted for the fourth quarter of 2026 and approvals still required. On Oct. 14, Evernorth named Ripple, Kraken, Coinbase and BitGo as its first execution partners. Their agreements remain subject to customary closing conditions as well as regulatory and corporate approvals. The strategy aims to increase the amount of XRP attributable to each share. Evernorth plans to add XRP to its treasury and seek returns from tokens it already holds. XRP per share compares the company’s token holdings with its outstanding shares, so the measure reflects both the size of the reserve and the share count. Evernorth’s investment and risk team is expected to oversee the institutional work, which is planned to involve established financial and crypto firms. Evernorth plans to begin deployment in the fourth quarter of 2026 but has not announced a start date. A later phase would put capital into [DeFi applications on the XRP Ledger](). Validators must activate the network’s native lending features, and those features must be proven on the live network before that phase can proceed. This technical requirement is separate from the approvals needed for the institutional strategies. ## Links in this article - [DeFi applications on the XRP Ledger](https://www.tokenpost.com/news/business/38001)