- Webus International files with U.S. SEC, detailing its $300M XRP treasury strategy.
- The SEC filing outlines plans to use XRP for cross-border payments & operations.
- This formal disclosure follows similar corporate XRP adoption moves by other firms.
Webus International, a Nasdaq-listed Chinese company that handles automotive and hospitality services, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) laying out its plan to look into a $300 million XRP treasury strategy.
The main idea is to use digital assets like XRP to make its cross-border payments smoother and its overall operations more efficient.
XRP Strategy Gains Institutional Momentum
The company aims to fund its XRP treasury using a mix of available cash, bank loans, and institutional-backed credit lines. It is also backed by shareholder guarantees.
This major financial move, which Webus confirmed is in partnership with Samara Alpha Management LLC, comes right after the company’s earlier announcement was in the news. That’s when Webus first talked about its plans to build a wider blockchain-based financial ecosystem.
Related: XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model
Webus Joins Other Public Companies Betting on XRP
Webus is not alone in this approach. Nasdaq-listed VivoPower and Florida-based Wellgistics have already announced similar XRP initiatives. VivoPower committed $121 million, while Wellgistics opened a $50 million credit line for XRP-related operations.
These investments mark a growing institutional belief in XRP’s potential as a digital reserve and payment asset.
CEO Nan Zheng: XRP Will Boost Business at Home and Abroad
Webus CEO Nan Zheng, in a company press lease said he firmly believes the strategy will strengthen both local and international operations. Domestically, the company extended its strategic alliance with Tongcheng Travel Holdings, a major player in China’s travel tech space. This renewed collaboration will enhance Webus’s branded inter-city charter services under the “Wetour × Tongcheng” platform.
On the global side, the company plans to integrate XRP payments to remove friction in cross-border settlements. This includes real-time payments to chauffeurs and service partners, along with instant refund capabilities. By bridging blockchain technology with practical services, Webus aims to redefine the user experience for global travelers.
Funding Also Earmarked for XRP Wallets, Web3 Loyalty Programs
The company’s plans for the $300 million financing extend beyond just establishing an XRP treasury reserve. A portion of these funds will also be directed towards supporting the development of new blockchain infrastructure.
Key items on Webus’s strategic roadmap in this area include building proprietary XRP-compatible wallets for its user base. The company also plans to launch innovative Web3-based loyalty tokens.
Related: Webus Signs $300M Deal with Samara Alpha for XRP Treasury Management
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