Webus International Limited plans to raise up to $300 million to establish an $XRP reserve.

On May 30th, the mobile transportation service provider Webus International Limited is examining a possible $300 million financing approach. The goal is to set up an XRP reserve by using diversified non-equity financing instruments in order to back its global payment solution. This strategy might encompass making use of existing cash reserves, obtaining bank loans, obtaining shareholder guarantees, and getting third-party institutional credit support from traditional banks. Through the employment of these non-dilutive financing means, the company intends to preserve capital flexibility, promote long-term growth, safeguard shareholder value, and advance its digital asset and cross-border payment strategic aims.