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- Webus International has announced plans to invest a massive $300 million into XRP and establish a crypto reserve.
- The investment will help build a blockchain ecosystem and fuel efforts to grow the business globally, helping expand its reach and impact.
Chinese company Webus International, known for its AI-powered mobility solutions in global markets, went public on the Nasdaq in February, raising $8 million through its initial public offering (IPO). Now, the company is taking a step into the crypto space. Webus has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), outlining a $300 million investment plan for XRP.
The Hangzhou-based company first shared details of the plan on May 29, and just this past Monday. As per the filing, the company has signed an agreement with U.S.-based investment advisor Samara Alpha Management. This partnership sets the stage for Webus’s future crypto initiatives.
The XRP reserve is going to power Webus’s blockchain-driven travel and payment services. By boosting liquidity, the company hopes to improve the overall user experience. But that’s just one part of the plan. Webus is also laying the groundwork for a full-scale blockchain infrastructure and pushing ahead with global expansion. This is the signal of its commitment to integrating digital assets into its long-term vision.
Apart from an XRP reserve, Webus is putting serious resources into developing its blockchain infrastructure. The company is working on features like on-chain booking systems, Web3 loyalty programs, and digital wallets. These are all designed to bring the travel industry into the future. The goal is simple: use blockchain technology to make travel more transparent, secure, and user-friendly, giving customers a smoother and more reliable experience every step of the way.
In a June 2 statement, CEO Mr. Nan Zheng explained,
This agreement defines a clear structure for trusted digital asset management in the future. As we explore new ways to manage our treasury, partnering with a regulated, institutional-grade firm gives us flexibility while keeping strong controls in place. Samara Alpha brings the discipline we need, and we’re excited to move forward when the time and funding are right.
Rising XRP Adoption
Webus’s $300 million XRP initiative comes at a time when interest in XRP is heating up, especially among institutional investors. On June 3, prediction market Polymarket gave a 98% chance that the U.S. SEC would approve an XRP exchange-traded fund (ETF), a major signal of growing confidence in the asset. The SEC had previously delayed its decision on Grayscale’s XRP ETF, with the next review expected in October. Approval odds for any XRP ETF by the end of 2025 currently sit at 93%.
Other companies are also betting on XRP. As indicated in our previous news article in May, UK-based energy firm VivoPower raised $121 million to launch its own XRP treasury strategy. The funds will go toward reducing debt and investing in the XRP Ledger’s DeFi ecosystem, showing just how fast XRP is becoming a serious player in broader financial systems.
Meanwhile, XRP is trading around $2.20, after a 3.49% decline in the past week, and up 318% over the past year, a clear indicator of increasing investor confidence. XRP is currently the fourth-largest cryptocurrency by market cap of $129 billion.
