Chinese mobility and hospitality firm Webus International Limited (NASDAQ: WETO) has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC). It outlines plans to raise up to $300 million for a sweeping XRP treasury strategy and Ripple payments integration.
The filing outlines an ambitious, non-dilutive financing plan to build a dedicated XRP reserve. Rather than issuing new shares, the company will seek to raise $300 million through a mix of bank loans, shareholder guarantees, institutional credit lines, and its own cash reserves. This preserves shareholder value while providing the capital needed to execute a multi-pronged blockchain strategy.
The centerpiece is the creation of a substantial XRP treasury, managed in partnership with Samara Alpha Management LLC. The agreement establishes a robust institutional framework for managing up to $300 million in XRP.
However, no assets are being transferred at the moment, signaling a cautious and phased approach. This enables Webus to act when market conditions are optimal. The mandate only activates when funds are moved to designated custody wallets, ensuring prudent risk management.
Webus Integrates Ripple Payments
Webus will integrate Ripple’s blockchain-based payment technology into its mobility and hospitality operations, aiming to revolutionize how it handles cross-border settlements, driver payouts, and customer refunds.
It aims to leverage XRP’s speed and low transaction costs to eliminate currency conversion headaches and enable instant, transparent payments for its global network of chauffeurs, travel partners, and customers.
Webus CEO Nan Zheng described the initiative as a way to “eliminate traditional payment friction,” enabling real-time settlements and refunds while supporting the company’s vision of “borderless travel”. The company will also develop proprietary blockchain infrastructure, including in-house wallets, on-chain booking records, and a Web3 loyalty program.
The financing is non-binding until definitive agreements are signed and due diligence is complete. There are no assets committed yet, and the company retains full discretion over the timing and scale of its XRP purchases.
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