Catenaa, Sunday, June 08, 2025- Webus International, a China-based chauffeur and hospitality company, has filed a Form 6-K with the U.S. Securities and Exchange Commission disclosing plans to raise up to $300 million for a corporate treasury built around the XRP cryptocurrency.
The filing, made public Tuesday, outlines Webus’ intent to pursue non-equity financing or credit facilities to fund its XRP holdings.
The company has partnered with asset manager Samara Alpha to implement the strategy, which includes integrating Ripple’s blockchain network into its payment infrastructure.
The move aims to improve cross-border transaction efficiency and booking transparency across Webus’ global mobility services.
Foreign private issuers such as Webus use Form 6-K to notify U.S. investors of material events or changes. The company initially disclosed its XRP-focused ambitions on May 29.
Webus joins a growing list of firms aligning their corporate finance strategies with Ripple’s ecosystem. Nasdaq-listed energy company VivoPower recently launched a $121 million XRP treasury effort with backing from investors linked to the Saudi Royal Family.
Separately, Wellgistics, a Florida-based pharmaceutical logistics firm, announced a $50 million equity credit line to adopt XRP for payments and digital asset reserves.
XRP is the fourth-largest cryptocurrency by market value, and its use in corporate treasuries highlights growing institutional interest in blockchain-based financial systems.
Webus did not specify a timeline for its XRP treasury rollout but emphasized the initiative is central to its broader digital transformation goals.
