Chinese Company Webus Plans to Raise $300M for XRP Treasury

Chinese company Webus filed with the U.S. Securities and Exchange Commission (SEC) to launch an XRP-focused digital asset treasury. 

According to the SEC release, the company, together with investment advisor Samara Asset Management, aims to raise up to $300 million to build a reserve supporting global payment solutions. To achieve this, Webus is considering a diversified mix of non-equity financing options, including available cash reserves and institutional investments. 

Webus Eyes XRP Integration for Cross-Border Transfers 

By integrating the XRP blockchain into its services, Webus aims to offer instant, low-cost payments for its flagship product, Wetour, which provides transportation, private guided tours, and other travel experiences.

At the same time, Webus is strengthening its partnership with online travel agency Tongcheng Network. Commenting on the recent moves, Nan Zheng, CEO of Webus, said the company is working to enhance both its domestic and international services.

Our partnership with Tongcheng boosts our network across China, while integrating the XRP blockchain could completely change how we handle cross-border payments for both partners and travelers worldwide,

said Nan Zheng.

Among Webus’s blockchain-related initiatives are the development of blockchain infrastructure, including wallets, loyalty tokens, and on-chain booking solutions. It’s worth noting that Webus still needs SEC approval before it can move forward with its XRP integration plans.

Following the XRP reserve filing, Webus International’s stock (WETO) rose by nearly 14% in a day on Nasdaq. The company went public on the U.S. stock market in early February 2025.

Corporate Interest in Adopting XRP Treasury Strategies Grows 

Previously, other companies, including VivoPower and Wellgistics, announced XRP treasury strategies. On May 29, 2025, Nasdaq-listed energy firm VivoPower revealed a $121 million private share placement to fund its XRP treasury strategy, becoming the first public company to take this approach. The funding round was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who contributed about $100 million through his Eleventh Holding Company. 

VivoPower plans to use most of the funds to accumulate XRP and invest in decentralized finance (DeFi) projects on the XRP Ledger (XRPL). The rest will go toward paying off debt and supporting its electric vehicle arm, Tembo, and power-to-X subsidiary, Caret Digital.

Healthcare tech company Wellgistics has also joined the trend, committing $50 million to an XRP treasury strategy. While Bitcoin remains the top choice for corporate treasuries, growing interest in altcoins like XRP suggests a shift in how companies think about digital assets.