Evernorth, an XRP-focused treasury firm linked to Ripple, has secured a 30 million dollar commitment from South Korean brokerage NH Investment & Securities. The funding, structured as a convertible-note arrangement, is intended to support spot XRP purchases. This injection is part of a broader accumulation strategy and could strengthen market position through a major institutional buyer. Evernorth is also planning a public listing, suggesting growing institutional interest in XRP. XRP is currently trading between $1.30 and $1.33.
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