Evernorth Taps Ripple, Kraken, Coinbase and BitGo for XRP Yield Push

Evernorth is effectively outsourcing the plumbing of an XRP treasury strategy to four of the largest venues in the asset's orbit, which matters less for the yield itself than for the signal: a Nasdaq-listed vehicle is treating XRP Ledger credit as an institutional product line rather than a speculative holding. That puts the emphasis on custody and counterparty arrangements, where Kraken, Coinbase and BitGo already compete. The open question is whether the promised direct lending into XRP Ledger credit markets arrives before or after the yield strategies, since the former is what would actually deepen on-chain liquidity.