Webus Stock Rallies as Firm Files With SEC for $300M in XRP Holdings

Webus Taps XRP for $300M Treasury Push as Blockchain Payments Go Mainstream

China-based Webus International (WETO) is joining the growing list of companies turning to crypto for treasury diversification, revealing in a new SEC filing its intent to establish a $300 million XRP-backed reserve.

The disclosure, made via Form 6-K, outlines a non-binding plan to fund the XRP accumulation using loans and credit facilities, rather than issuing new equity. The move signals a broader trend of institutional adoption of Ripple’s payment infrastructure amid growing demand for faster, cheaper cross-border transactions.

Webus said it plans to integrate RippleNet and the XRP Ledger into its global chauffeur and booking systems to streamline payments and improve settlement transparency. As part of that rollout, the company announced a renewed alliance with Tongcheng Travel Holdings, one of China’s top online travel firms, to expand their joint “Wetour x Tongcheng” ride services — now powered by blockchain.

This comes just weeks after VivoPower International unveiled a similar move, targeting a $121 million XRP treasury, underscoring the token’s growing utility in corporate finance and payment rails.

While XRP gained 2% in the past day, Webus shares surged 9% in early Wednesday trading on Nasdaq, buoyed by investor optimism around the company’s blockchain pivot.