A publicly traded Chinese firm, Webus International, has filed a form 6 – k with the US SEC to establish a $300 million XRP treasury reserve. Here are the details:
Company Background
Webus International is listed on Nasdaq. It provides AI – powered ride services and operates in the global automotive and hospitality sectors. The company went public in February 2025 and raised $8 million in its IPO.
The XRP Treasury Plan
Financing Strategy: The company is exploring a financing strategy of up to $300 million through non – equity financing or credit facilities. This may include using available cash reserves, bank loans, shareholder guarantees, and third – party institutional credit support from traditional banks.
Partnership: Webus has partnered with Samara Alpha Management, a top – tier investment advisor registered with the SEC. Samara Alpha will become Webus’ sole digital asset manager, overseeing the management of XRP treasuries with a cap of $300 million. It will manage the assets under strict compliance protocols, including monthly audits and position limits.
Usage of XRP: Webus plans to integrate Ripple’s blockchain – based payment network into its business. It will initially allocate 40% of the treasury to payment infrastructure upgrades, 35% to product development, and 25% as liquid reserves. The company aims to use XRP for instant international payments in its chauffeur services, hotel bookings, and other operations, streamlining cross – border transactions and improving transparency.
Potential Impact
For Webus: This move is expected to enhance Webus’ global payment capabilities, reduce cross – border payment costs and improve efficiency. It also helps the company expand its business globally and develop blockchain – related technologies, potentially increasing its market competitiveness.
For the XRP Market: Webus’ plan could increase institutional XRP holdings by 18% based on the current circulating supply, which may have a positive impact on the price of XRP. Moreover, it sets an example for other companies, indicating the growing recognition and acceptance of XRP in the corporate sector, and is conducive to promoting the development of the XRP ecosystem.
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