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Evernorth Secures $30 Million for XRP Ahead of Nasdaq Listing

Guavy AI Editorial Team
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Evernorth, a San Francisco-based treasury company focused on XRP, has secured $30 million through a convertible bond deal. The funds will be used to purchase more XRP and support businesses connected to the XRP ecosystem.

The move comes as Evernorth prepares to merge with publicly listed SPAC Armada Acquisition Corp. II and list on Nasdaq under the ticker XRPN, pending shareholder approval on September 30.

This funding round is part of a growing trend of companies building corporate treasuries around XRP, following similar initiatives from VivoPower International and Trident Digital Tech Holdings.

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