Isabella García
Webus International, a prominent China-based player in the automotive and hospitality sectors, has officially filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), revealing its intention to launch a $300 million corporate treasury initiative.
According to the filing released on Tuesday, Webus aims to raise up to $300 million through non-equity debt instruments or credit lines, in line with an earlier announcement made on May 29. The capital will be used to bolster the company’s treasury operations and to explore new financial technologies.
Strategic XRP Adoption in Partnership with Samara Alpha
In a move that highlights growing institutional interest in Ripple’s ecosystem, Webus confirmed its partnership with asset manager Samara Alpha to implement a targeted XRP-based strategy. As part of this collaboration, Webus will also integrate Ripple’s blockchain-powered payment infrastructure into its operations.
This upgrade is expected to streamline international transactions, enhance financial transparency, and bring added efficiency to the company’s booking and hospitality services.
Ripple’s Ecosystem Gains More Corporate Backers
The development positions Webus as the latest global corporation to embrace Ripple’s XRP for real-world use cases. XRP currently ranks as the fourth-largest cryptocurrency by market capitalization, according to PRIME.
Their move follows similar strategies announced by other high-profile entities:
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VivoPower, an energy company listed on the Nasdaq, launched a $121 million XRP-focused treasury program last month, with backing from members of the Saudi Royal Family.
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Meanwhile, Florida-based Wellgistics, a healthcare logistics firm, secured a $50 million equity line of credit to support its XRP-based payment network and create a digital treasury reserve.
Growing Institutional Momentum for Crypto Treasuries
As more corporations seek to diversify their financial strategies, the trend toward blockchain-integrated treasuries — especially those involving Ripple’s XRP — continues to gain traction. With its new strategy, Webus joins a fast-growing list of enterprises looking to leverage crypto for transparency, speed, and cross-border scalability.
