XRP treasury firm Evernorth secures $30 million in convertible debt from NH Investment & Securities

Evernorth, an XRP treasury management firm, has raised $30 million through a convertible bond issuance led by South Korean institutional investor NH Investment & Securities (NH投银). The funding is contingent upon the successful merger of Evernorth with a SPAC. The company plans to use the proceeds to acquire XRP spot holdings ahead of its planned Nasdaq listing under the ticker "XRPN".