Evernorth to Raise $30 Million in XRP-Backed Funding with NH Investment and Kookmin AIM Participation

Evernorth, which holds XRP as a primary reserve asset, is raising a $30 million funding round. This investment includes participation from domestic securities firm NH Investment & Securities and asset manager Kookmin AIM.

According to filings with the U.S. Securities and Exchange Commission (SEC), Evernorth signed an underwriting agreement for a $30 million convertible bond issuance on November 11.

Notably, Kookmin AIM Asset Management's 'Kookmin AIM Corporate Finance General Private Investment Trust No. 3' will purchase the convertible bonds, with NH Investment & Securities acting as the custodian of the fund.

Evernorth plans to use the raised funds for additional XRP purchases and ecosystem-related business ventures.