Webus International, a China-based firm operating in the automotive and hospitality sectors, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) announcing its plan to establish a $300 million XRP-focused corporate treasury.
The filing confirms the company’s intention to raise the capital through non-equity financing or credit facilities. This marks a strategic shift as Webus becomes one of the few multinational corporations directly integrating XRP into its treasury infrastructure.
Partnership with Samara Alpha and Ripple Integration
To execute its XRP strategy, Webus has teamed up with Samara Alpha, a digital asset management firm. The company will also integrate Ripple’s blockchain-based payment technology to enhance cross-border transactions within its global operations.
According to the filing, Webus intends to leverage Ripple’s network to improve settlement speeds, reduce costs, and bring greater transparency to bookings and international payments across its hospitality and travel divisions.
A Strategic Bet on XRP
This move positions Webus among a growing number of companies embracing blockchain-native assets for treasury purposes. The $300 million allocation represents a major bet on XRP’s utility, not just as a reserve asset but also as a payment solution.
With the initiative still in its early stages, investors and market watchers will be closely monitoring Webus’s execution and any impact this may have on institutional demand for XRP.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/webus-international-to-launch-300m-xrp-treasury-taps-ripple-for-payments/