GUMI Inc. Joins SBI Group and Ripple in PIPE for Evernorth’s XRP Business

Japanese gaming company GUMI Inc. will partner with SBI Group and Ripple in a private investment for Evernorth’s XRP treasury operations.

XRP

Summary

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Terms & Concepts
  • PIPE: Private Investment in Public Equity, a transaction where investors buy stock directly from a public company at a discount to the current market value.
  • XRP: A digital currency developed by Ripple Labs, designed for fast and low-cost cross-border payments using the XRP Ledger blockchain.
  • Treasury Business: In cryptocurrency, refers to the management of digital asset reserves, including holdings, liquidity, and financing activities.