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Nasdaq-listed Webus International has filed1322 a Form 6-K with the U.S. Securities and Exchange Commission (SEC), detailing its intent to raise $300 million for an XRP-focused corporate treasury. The Chinese firm, known for its automotive and hospitality ventures, aims to leverage Ripple’s payment infrastructure while adopting XRP as a core
- Webus files Form 6-K with the SEC to raise $300M for an XRP treasury.
- Samara Alpha Management will manage the XRP treasury strategy.
Nasdaq-listed Webus International has filed1322 a Form 6-K with the U.S. Securities and Exchange Commission (SEC), detailing its intent to raise $300 million for an XRP-focused corporate treasury. The Chinese firm, known for its automotive and hospitality ventures, aims to leverage Ripple’s payment infrastructure while adopting XRP as a core digital asset.
According to the June 2 SEC filing, Webus intends to secure the funds through non-equity and credit financing, a strategy similar to that used by MicroStrategy. Webus first announced its financing plans on May 29.
Moreover, Webus has partnered with Samara Alpha Management, a New York-based asset manager. The firm will oversee the development of the XRP reserve under a Delegated Digital-Asset Management Agreement. Together, they aim to establish a secure and efficient framework for digital asset management.
In addition to treasury plans, Webus will integrate Ripple’s cross-border payment system. This move aims to enhance transaction speed and transparency in its hospitality and travel platforms. The Ripple network, powered by the XRP Ledger, settles transactions in 3-5 seconds with minimal fees.
Institutional Demand for XRP Surges
Institutional adoption of XRP continues to expand. Recently, VivoPower became the first publicly traded company to launch an XRP treasury strategy. The firm raised $121 million in a private placement backed by Saudi investors. Similarly, Wellgistics Health revealed a $50 million plan to adopt XRP for treasury and payment infrastructure.
These developments come amid rising activity in XRP derivatives. Open Interest rose by 1.31% to $4 billion, alongside a wave of short liquidations. Analysts interpret these shifts as signs of renewed bullish momentum in XRP markets.
Ripple CEO Brad Garlinghouse also denied recent acquisition rumors involving stablecoin issuer Circle. Ripple instead continues to push forward with its own stablecoin and cross-border solutions, aligning with the trend of digital asset institutionalization.
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