Crypto

XRP treasury firm Evernos pursues Strategy-style fundraising, size unclear

Evernos, an XRP treasury firm, plans to raise about $80.7 million by selling up to 5,218,935 newly issued Class A common shares to CF Principal Investments, an affiliate of Cantor Fitzgerald. It estimates net proceeds of about $78.3 million after fees and costs. The company plans to use most of the funds to buy more XRP. It is also pursuing funding through warrant exercises that could bring in about $132.2 million if fully exercised in cash.

Crypto

Chainlink to work with LG CNS on won stablecoin and digital asset infrastructure

Blockchain oracle platform Chainlink said on Thursday it will cooperate with LG CNS to increase the use of won stablecoins. The companies will integrate the full Chainlink platform into LG CNS’s institutional digital asset platform solution and align efforts on improving domestic digital asset technical standards. They plan to apply Chainlink’s cross-chain, data and orchestration infrastructure to connect blockchain networks with institutional systems.