Chinese Firm Webus’ Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve
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Shaurya Malwa
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- 25 minutes read
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By Shaurya Malwa|Edited by Aoyon Ashraf
Jun 4, 2025, 2:15 p.m.
- China-based Webus International plans to build a $300 million XRP-focused corporate treasury, as per a recent SEC filing.
- Webus intends to use loans and credit facilities for funding, integrating Ripple’s payment network to enhance cross-border payments.
- The filing aligns Webus with other firms like VivoPower and Wellgistics, which are also investing in XRP solutions.
China-based Webus International (WETO) filed a Form 6-K with the U.S. Securities and Exchange Commission on Tuesday with plans to build a $300 million XRP-focused corporate treasury.
The filing follows an earlier May announcement by the firm, which aims to fund the initiative using loans and credit facilities rather than new share issuances.
STORY CONTINUES BELOW
Webus plans to integrate Ripple’s payment network into its business, aiming to streamline cross-border payments and improve booking transparency across its global chauffeur services.
The announcement follows VivoPower International’s plans to build a $121 million XRP treasury, indicative of growing interest from corporations in the fourth-largest token by market cap.
The financing plan is non-binding and subject to final agreements and due diligence.
The provider of customizable car and touring services for travelers worldwide added that it was renewing a partnership with Tongcheng Travel Holdings, one of China’s largest online travel agencies, to extend their “Wetour x Tongcheng” charter lines, stating they would aim to use the XRP Ledger to settle cross-border rides and driver payouts.
XRP is up 2% in the past 24 hours, alongside muted gains in the broader crypto market. Meanwhile, the Nasdaq-listed firm’s shares rose about 9% in early trading on Wednesday.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
