Evernorth Raises $30 Million for XRP Treasury Ahead of Nasdaq Listing
- —Evernorth signed a subscription agreement on September 11 to issue $30 million in convertible bonds
- —Proceeds will fund additional XRP purchases and ecosystem businesses
- —Kyobo AIM will buy the bonds, with NH Investment & Securities acting as custodian
- —SPAC Armada Acquisition Corp. II shareholders vote September 30; ticker XRPN
Why it matters: Growing corporate XRP treasuries deepen institutional exposure to the asset and could support demand for XRP.
Source: ZyCrypto