In a significant development that could mark a turning point for Ripple’s XRP token adoption, Chinese tech firm Webus International Limited has officially filed a $300 million XRP treasury plan with the U.S. Securities and Exchange Commission (SEC). The Hangzhou-based company, known for its AI-driven mobility solutions, submitted a Form 6-K outlining its intention to incorporate XRP into its business operations, particularly for instant international payments and service bookings.
This strategic move comes on the heels of Webus’ February IPO on the Nasdaq, where it raised $8 million. The firm is now making headlines for a far more ambitious initiative—establishing one of the largest XRP-based corporate reserves to date. Webus is collaborating with U.S.-based investment advisory firm Samara Alpha Management, which has been tapped to oversee the framework of the company’s crypto treasury operations.
The company’s goal is to use XRP to streamline cross-border payments and support its chauffeur service programs. With global expansion on the agenda, Webus appears to be looking at blockchain technology as a way to reduce transaction costs and settlement times, two critical factors in the high-frequency world of mobility services. By leveraging XRP’s strengths—low fees and fast transaction speeds—the company believes it can enhance operational efficiency and improve the user experience for international clients.
Though the SEC filing has brought attention to the plan, it’s important to note that no final decision has been made yet. Filing a Form 6-K is a standard procedure for foreign companies listed on U.S. exchanges to report significant events or changes. The fact that Webus chose to disclose this XRP initiative at such an early stage reflects its seriousness about cryptocurrency integration and possibly a calculated move to test investor sentiment.
Webus is not alone in exploring XRP for corporate treasury use. In a similar move, sustainable energy firm VivoPower recently introduced its own plan to build a $121 million reserve centered on XRP. BitGo, a well-known digital asset custody provider, has already confirmed its involvement in facilitating an initial $100 million investment for VivoPower. These developments indicate a potential shift in how companies view XRP—not just as a speculative asset, but as a legitimate part of long-term financial infrastructure.
For years, Bitcoin and Ethereum have dominated the narrative around institutional crypto reserves. However, XRP’s unique attributes, such as its compliance-friendly design and focus on cross-border utility, are making it an increasingly attractive option for companies with global operations. XRP’s use case aligns with business models that demand speed, scalability, and low costs—traits that Bitcoin, with its slower block times and higher fees, struggles to match.
Webus’ decision to move ahead with an XRP-centric treasury may also be interpreted as a vote of confidence in Ripple’s broader ecosystem, which has weathered legal scrutiny and regulatory uncertainty in the U.S. Despite facing ongoing litigation from the SEC over the classification of XRP as a security, Ripple has continued to expand its partnerships and use cases globally.
Still, critics argue that the integration of cryptocurrencies like XRP into traditional corporate treasuries could add volatility and risk to balance sheets. Given the inherently unstable nature of crypto markets, any significant price swings in XRP could impact Webus’ financial outlook if not properly hedged or managed. However, by partnering with established advisory firms like Samara Alpha, Webus appears to be taking a calculated and professional approach to risk mitigation.
This development also speaks to a broader trend of international companies embracing crypto solutions to enhance financial agility. While it’s too early to declare XRP a mainstream treasury asset, initiatives like Webus’ $300 million plan are certainly pushing it in that direction. Whether this sets off a ripple effect across other industries and geographies remains to be seen, but the precedent is being set.
In conclusion, Webus International’s XRP treasury proposal marks a bold step in the ongoing fusion of blockchain technology and traditional business operations. As more companies begin to explore alternatives beyond Bitcoin and Ethereum, XRP may find itself playing a central role in the next wave of corporate crypto adoption. The crypto world will be watching closely to see if this is a one-off experiment or the beginning of a larger trend.
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