Evernorth Appoints Former Coinbase CIO as Chief Investment Officer

XRP treasury company Evernorth has appointed former Coinbase co-CIO Hugo Jeandesboz as Chief Investment Officer, responsible for treasury allocation, liquidity management, and active management of XRP holdings. Evernorth completed its SPAC merger with Armada Acquisition Corp. II last Friday and is set to list on NASDAQ. At the time of the merger completion, Evernorth held 473 million XRP, valued at approximately $672 million, along with $300 million in cash (before transaction fees). Evernorth plans to enhance its per-share XRP holdings through revenue strategies such as lending and providing liquidity.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.