Webus Files to Build $300M XRP Treasury, Expands Ripple Integration in Global Services
Webus International (Nasdaq: WETO) has filed a disclosure with the U.S. Securities and Exchange Commission announcing plans to establish a $300 million XRP-focused corporate treasury, as the China-based firm deepens its integration with blockchain-based payment infrastructure.
According to the Form 6-K submitted Tuesday, the treasury will be financed through credit lines and loan facilities, with no plans for equity dilution through new share issuance. The initiative, first hinted at in May, is still in preliminary stages and subject to due diligence and final approvals.
Webus operates premium travel and chauffeur services globally and intends to use Ripple’s XRP Ledger to modernize cross-border settlement for ride bookings and driver payouts. The company also announced the renewal of its partnership with Tongcheng Travel Holdings, one of China’s largest online travel agencies, to expand their “Wetour x Tongcheng” charter services with blockchain-based payment rails.
The announcement follows VivoPower International’s $121 million XRP treasury plans, further highlighting growing interest in XRP as a tool for liquidity and treasury diversification among corporate players.
Following the filing, Webus shares rose 9% in early Nasdaq trading. XRP gained 2% in the last 24 hours, aligning with modest movement across the broader crypto market.
