Evernorth, described as the world’s largest XRP treasury firm, has secured a $30 million convertible-note commitment from South Korean investment firm NH Investment & Securities.
The funding was announced on September 18, 2026, and is tied to Evernorth’s ongoing merger process with a special purpose acquisition company (SPAC). It is intended to help complete the merger, expand the company’s XRP position, and support a longer-term goal of finalizing a Nasdaq listing under the ticker XRPN.
According to the report, Evernorth plans to use the full $30 million to purchase spot XRP on the open market, adding to its treasury ahead of the planned public-market launch. Once listed, the company expects to offer traditional investors exposure to an XRP-focused corporate treasury strategy through the stock market.
