[Evernorth Appoints Former Coinbase Executive to Oversee 473 Million XRP Treasury, Prepares for Nasdaq Listing] Deep Tide TechFlow reports that on October 12, according to The Block, XRP treasury company Evernorth announced on Monday the appointment of former Coinbase Asset Management Co-CIO Hugo Jeandesboz as Investment Director. He will be responsible for treasury allocation, liquidity management, and active management of XRP assets. Previously, Evernorth completed a SPAC merger with Armada Acquisition Corp. II last Friday, holding approximately 473 million XRP at the time of the merger, valued at around $672 million at current prices, along with $300 million in cash (before transaction fees). The company plans to enhance per-share XRP metrics through lending, liquidity provision, and other yield strategies, differentiating itself from the "buy and hold" model of traditional crypto treasury companies.