Evernorth obtained a $30 million convertible bond financing from NH Investment & Securities

According to CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities.

This financing is contingent upon the successful merger of Evernorth with a SPAC, and the raised funds will be used to purchase XRP spot in advance before its listing on Nasdaq. After the merger is completed, the company plans to list under the code "XRPN" on Nasdaq.