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

What happened

Evernorth names Coinbase veteran Hugo Jeandesboz CIO as XRPN starts trading on Nasdaq The XRP treasury company appointed its chief investment officer the same day its shares began trading on Nasdaq. That was the same day its shares started trading on Nasdaq under the ticker XRPN. Coinbase is a Bitcoin and cryptocurrency company based in San Francisco.

The new CIO and the war chest Evernorth arrived on public markets holding approximately 473 million XRP. Advertisement Jeandesboz joins from Coinbase Asset Management.

12, 2026 Most corporate crypto treasuries follow a simple playbook: buy the coin, hold the coin, then spend earnings calls explaining the coin. Evernorth Holdings wants a more hands-on approach.

The XRP -focused company named Hugo Jeandesboz as its chief investment officer on October 12, 2026. His mandate covers the company’s treasury and its XRP holdings.

At current prices, that position is worth about $672 million. The company also brought $300 million in cash, measured before expenses.