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XRP Treasury Firm Evernorth to Raise $30 Million With NH Investment & Securities, Kyobo AIM Participation
Summary
- Evernorth said it will raise $30 million through a convertible bond offering as it builds XRP as a core treasury asset.
- The company said NH Investment & Securities and Kyobo AIM Asset Management participated in the convertible bond investment.
- Evernorth said it plans to use the proceeds for additional XRP purchases and ecosystem-related businesses.
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Evernorth, which holds XRP as a core treasury asset, is seeking to raise $30 million. South Korean securities firm NH Investment & Securities and asset manager Kyobo AIM Asset Management are participating in the investment.
According to a filing Evernorth submitted to the U.S. Securities and Exchange Commission on September 18, the company signed a subscription agreement on September 11 for the issuance of $30 million in convertible bonds.
Kyobo AIM Asset Management and NH Investment & Securities took part in the deal. Kyobo AIM Corporate Finance General Private Equity Investment Trust No. 3, a fund managed by Kyobo AIM Asset Management, will acquire the convertible bonds, while NH Investment & Securities is participating as the fund's custodian.
Evernorth plans to use the proceeds for additional XRP purchases and ecosystem-related businesses.
Uk Jin
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