Key Takeaways
- • Evernorth Holdings (Nasdaq: XRPN) named Hugo Jeandesboz Chief Investment Officer, announced October 12, 2026, to lead its XRP treasury strategy.
- • Jeandesboz joins from Coinbase Asset Management, where he was Co-Chief Investment Officer and led the Solutions investment strategies for institutional investors.
- • He reports to Founder and CEO Asheesh Birla and is responsible for treasury allocation, liquidity management, and active management of Evernorth's XRP holdings.
- • Evernorth also corrected its delayed funding share count: 1,078,614 Class A shares were issued at closing on October 9, 2026, versus 663,510 reported in an 8-K due to a clerical error.
Summary
Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury company that describes itself as building institutional access to the XRP economy, announced on October 12, 2026 that Hugo Jeandesboz has joined the company as Chief Investment Officer, according to a GlobeNewswire release. He reports to Founder and Chief Executive Officer Asheesh Birla.
In the role, Jeandesboz leads Evernorth's XRP treasury strategy, including treasury allocation, liquidity management and active management of the company's XRP holdings. He also serves as the senior contact for Evernorth's trading counterparties and custodians. The company said the appointment reflects its view that an active treasury model requires a defined treasury strategy, a risk framework, and clear accountability, in addition to custody and controls.
Jeandesboz brings more than a decade of institutional trading and portfolio management experience across digital assets and traditional markets. At Coinbase Asset Management he served as Co-Chief Investment Officer and led Solutions, overseeing bespoke strategies for institutional investors. Previously he was Coinbase's lead derivatives trader, covering options, futures and on-chain markets. Earlier roles include interest rate derivatives trading at HSBC in New York, focused on U.S. dollar and G10 cross-currency swaps, and fixed income trading and later front-office quantitative strategy focused on ETF and algorithmic program trading at Societe Generale.
Birla attributed the hire to growth in tokenized real-world assets and recent XRP Ledger upgrades that bring lending and DeFi to XRP, which he said create opportunities the company was designed to pursue. Jeandesboz said the XRP Ledger is becoming infrastructure where institutional capital can operate.
Separately, Evernorth updated the count of Class A common shares issued to investors under delayed funding subscription agreements. At closing on October 9, 2026, the company issued 1,078,614 shares, not the 663,510 shares indicated in a Form 8-K filed after closing, which the company attributed to a clerical error. Shares were calculated as the aggregate delayed funding subscription amount, paid in cash or XRP tokens, divided by $10.00 per share.
In the role, Jeandesboz leads Evernorth's XRP treasury strategy, including treasury allocation, liquidity management and active management of the company's XRP holdings. He also serves as the senior contact for Evernorth's trading counterparties and custodians. The company said the appointment reflects its view that an active treasury model requires a defined treasury strategy, a risk framework, and clear accountability, in addition to custody and controls.
Jeandesboz brings more than a decade of institutional trading and portfolio management experience across digital assets and traditional markets. At Coinbase Asset Management he served as Co-Chief Investment Officer and led Solutions, overseeing bespoke strategies for institutional investors. Previously he was Coinbase's lead derivatives trader, covering options, futures and on-chain markets. Earlier roles include interest rate derivatives trading at HSBC in New York, focused on U.S. dollar and G10 cross-currency swaps, and fixed income trading and later front-office quantitative strategy focused on ETF and algorithmic program trading at Societe Generale.
Birla attributed the hire to growth in tokenized real-world assets and recent XRP Ledger upgrades that bring lending and DeFi to XRP, which he said create opportunities the company was designed to pursue. Jeandesboz said the XRP Ledger is becoming infrastructure where institutional capital can operate.
Separately, Evernorth updated the count of Class A common shares issued to investors under delayed funding subscription agreements. At closing on October 9, 2026, the company issued 1,078,614 shares, not the 663,510 shares indicated in a Form 8-K filed after closing, which the company attributed to a clerical error. Shares were calculated as the aggregate delayed funding subscription amount, paid in cash or XRP tokens, divided by $10.00 per share.
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