Webus International Limited, a Nasdaq-listed Chinese company specializing in AI-driven mobility and hospitality solutions, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) to explore a $300 million XRP treasury reserve. This strategic move aims to integrate XRP, a digital asset developed by Ripple, into the company’s global payment and blockchain infrastructure, marking one of the largest corporate commitments to XRP to date.
Webus has partnered with Samara Alpha Management LLC, an SEC-registered investment adviser, to manage the proposed $300 million XRP reserve under a Delegated Digital Asset Management Agreement. The structure will provide institutional-grade oversight for Webus’ digital asset operations, with the reserve to be funded through non-equity financing, including cash reserves, bank loans, shareholder guarantees, and institutional credit lines, avoiding dilution for existing shareholders.
The initiative focuses on leveraging XRP’s fast and low-cost cross-border payment capabilities to enhance Webus’ global operations, particularly for its chauffeur and travel services. CEO Nan Zheng stated, “This strategic development has the potential to create a powerful synergy between our domestic and international operations. XRP-based payments can eliminate traditional payment friction, enabling instant settlements with chauffeurs and service providers worldwide.” The company also plans to develop blockchain-based features, such as on-chain booking records, Web3 loyalty programs, and customer wallets.
This filing follows Webus’ renewed partnership with Tongcheng Travel Holdings, one of China’s largest online travel platforms with 240 million annual users. The collaboration aims to integrate XRP into the “Wetour x Tongcheng” inter-city charter lines, streamlining cross-border payments and enhancing transparency for bookings and driver payouts.
The plan, still in an exploratory phase, is non-binding and subject to final agreements and due diligence. It comes amid growing institutional interest in XRP, following VivoPower International’s recent $121 million XRP treasury strategy announcement. Webus’ move could increase institutional XRP holdings by an estimated 18% based on the current circulating supply, signaling a broader trend of corporate adoption of blockchain-native assets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
