Webus International Limited (NASDAQ: WETO), a premium mobility and transportation service provider, has officially announced plans to establish a strategic reserve of the cryptocurrency XRP worth up to $300 million. This move was confirmed through the submission of Form 6-K to the U.S. Securities and Exchange Commission (SEC) on June 3, 2025.
Funding Without Dilution
Rather than issuing new shares, Webus intends to finance this initiative using a combination of loans, credit facilities, and internal cash reserves, thereby protecting shareholder value. The company has entered into a Digital Asset Management Agreement with Samara Alpha Management LLC, which will be responsible for managing the XRP treasury fund.
Ripple Network Integration for Cross-Border Payments
Webus also announced its plan to integrate Ripple’s blockchain-based payment network into its operations. This aims to enhance the speed, transparency, and efficiency of cross-border transactions across the company’s transportation and hospitality services. The integration seeks to eliminate traditional banking delays and enable near-instant settlement of payments.
Renewed Partnership with Tongcheng Travel
At the same time, Webus has renewed its partnership with Tongcheng Travel Holdings, one of China’s largest online travel agencies. Together, they plan to expand the “Wetour × Tongcheng” charter route network across China. These routes will benefit from XRP Ledger for faster and more efficient cross-border settlements and driver payouts.
Institutions Embrace XRP
Webus joins a growing list of companies exploring XRP as a strategic financial tool. For instance, VivoPower International recently announced its own plan to create a $121 million XRP reserve, signaling a broader trend of institutional interest in the token.
Following Webus’s announcement, the company’s stock (WETO) rose approximately 9%, while the price of XRP increased by 2%, currently trading at $2.25.
This move reflects a broader shift toward digital asset adoption in corporate finance and positions Webus as a potential model for other firms considering blockchain-based treasury solutions.
#xrp , #CryptoAdoption , #DigitalAssets , #CryptoReserve , #stockmarket
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
