Community curated by people like you

Coinbase Asset Management stories

Oct 12, 2026

Evernorth names Coinbase veteran Hugo Jeandesboz CIO as XRPN starts trading on Nasdaq

XRP treasury company Evernorth appointed former Coinbase Asset Management co-CIO Hugo Jeandesboz as investment chief ahead of its Nasdaq debut under ticker XRPN, with 473 million XRP in treasury.

Oct 12, 2026·2 sources

00

Top claims

▪At the closing of Evernorth Holdings' SPAC merger on October 9, 2026, Evernorth Holdings held 473 million XRP valued at approximately $672 million alongside $300 million in cash before transaction expenses
▪Evernorth's active treasury strategy poses unacceptable credit risks for shareholders
▪Evernorth Holdings began trading on Nasdaq under ticker symbol XRPN on October 12, 2026, following a SPAC merger with Armada Acquisition Corp. II that closed on October 9, 2026

Subtopics

Bitcoin1 Crypto regulation1 Institutional crypto adoption1

Related timelines

Congress

Iran War

Trump administration

US midterm elections

Venture capital funding