XRP treasury firm EverNorth raises $30M via convertible notes

September 18, 2026

EverNorth, an XRP-focused treasury company, has raised $30 million via convertible notes from South Korean institutional investor NH Investment & Securities. The raise is contingent on the closing of its SPAC merger, and the proceeds are earmarked for $XRP acquisition ahead of its planned Nasdaq listing under the ticker $XRPN.

Funding comes from a South Korean institutional investor as the firm builds an XRP treasury ahead of a public listing.
The $30M drawdown and Nasdaq debut depend on the SPAC merger closing.

Sources

LATEST: XRP treasury company @evernorthxrp raises $30M via convertible notes from South Korean institutional investor NH Investment & Securities, contingent on its SPAC merger closing, with proceeds earmarked for $XRP acquisition ahead of its Nasdaq listing under $XRPN. https://t.co/67KsuNVVKFx.com ↗

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XRP treasury firm EverNorth raises $30M via convertible notes — Outposts