[XRP Treasury Company Evernorth Plans to Utilize Its $648 Million XRP Reserve for Business Operations] According to The Block, XRP treasury company Evernorth has partnered with Ripple, Kraken, Coinbase, and BitGo, planning to utilize its reserve of approximately 473 million XRP (valued at around $648 million at current prices) for business operations. Evernorth intends to actively manage its holdings through lending, liquidity provision, and other yield strategies, aiming to increase the amount of XRP per share rather than simply holding the assets. As related functionalities go live, the company also plans to expand into lending operations on the XRP Ledger and on-chain DeFi strategies.