Webus Eyes $300M XRP Treasury Amid Push to Modernize Global Payments

Chinese transportation firm Webus International (WETO) has filed with the U.S. SEC to establish a $300 million strategic reserve of XRP, signaling deeper corporate interest in Ripple’s blockchain ecosystem.

Disclosed in a Form 6-K filing, the company plans to fund the reserve through credit lines and loans, steering clear of new equity issuance. The move follows Webus’ earlier announcement in May and remains subject to due diligence and final agreement.

Webus aims to leverage Ripple’s payment network to improve cross-border settlement efficiency, particularly for its international chauffeur and travel operations. It also announced the renewal of its partnership with Tongcheng Travel Holdings to expand their joint “Wetour x Tongcheng” charter services — now with plans to settle ride payments via the XRP Ledger.

This comes on the heels of VivoPower International’s $121 million XRP initiative, reflecting a wider trend of corporations exploring XRP for treasury diversification and payment infrastructure.

XRP is up 2% over the past 24 hours. Webus stock gained 9% in early Nasdaq trading following the announcement.