Webus Plans $300M XRP Treasury as Part of Cross-Border Payments Overhaul
China-based Webus International (WETO) is making a bold move into the blockchain space, filing a Form 6-K with the U.S. SEC on Tuesday outlining plans to build a $300 million XRP-denominated corporate treasury.
The strategy reflects rising institutional interest in Ripple’s XRP ecosystem, as firms globally explore integrating blockchain-based payment infrastructure to streamline international operations.
According to the filing, Webus intends to fund the treasury through loans and credit facilities, rather than issuing new shares—a move likely aimed at avoiding shareholder dilution. The initiative builds on the company’s May announcement and remains non-binding, pending final agreements and due diligence.
Webus, a global provider of luxury chauffeur and touring services, also revealed plans to integrate Ripple’s payment network into its backend systems to enhance transparency and efficiency in cross-border bookings and driver payments.
As part of the same initiative, the company announced a renewed partnership with Tongcheng Travel Holdings, one of China’s largest online travel platforms. The two firms will expand their “Wetour x Tongcheng” charter line services, with plans to use the XRP Ledger for settling international ride payments.
This development follows closely on the heels of VivoPower International’s $121 million XRP treasury announcement, further underscoring growing corporate interest in the fourth-largest cryptocurrency by market cap.
XRP rose 2% in the past 24 hours, mirroring modest gains in the broader crypto market. Webus shares jumped 9% in early Wednesday trading on the Nasdaq following the disclosure.
