Chinese firm Webus files with US SEC for possible $300 million XRP treasury plan

Webus International, a China-based automotive and hospitality company, filed a Form 6-K with the U.S. Securities and Exchange Commission outlining plans to establish a $300 million XRP-focused corporate treasury. Foreign private issuers use Form 6-K to disclose material updates to U.S. investors.The filing, published on Tuesday, follows an initial May 29 announcement where Webus said it aims to raise up to $300 million through non-equity financing or credit facilities to support its treasury initiative.As part of the move, Webus has partnered with asset manager Samara Alpha to build out its XRP strategy. The company said it will also integrate Ripple’s blockchain-based payment network into its operations to streamline cross-border settlements and improve booking transparency across its travel and hospitality services.Webus is the latest firm to signal institutional adoption of Ripple’s ecosystem and the XRP token — currently the fourth-largest cryptocurrency by market capitalization, according to The Block's data.Last month, Nasdaq-listed energy firm VivoPower announced a $121 million XRP-centric treasury initiative backed by investors including members of the Saudi Royal Family. Separately, Wellgistics, a Florida-based healthcare logistics company, secured a $50 million equity line of credit to integrate XRP payments and fund a potential digital treasury reserve.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.