Ripple Assets Transferred by Chinese Firm Total $300 Million to Securities Commission: An Examination
China-Based Tech Firm, Webus International Limited, Plans to Build a $300 Million XRP Reserve
In a recent move, luxury chauffeur service provider Webus International Limited has declared its intention to establish a massive XRP-focused corporate treasury, following a SEC filing in the U.S.
Last week, Webus shared this significant development. They officially proposed their plan to the SEC via a Form 6-K filing. This strategic action is a major step towards implementing XRP-based payments in Webus’ international booking and reservation services.
In line with these plans, Webus partnered with U.S. investment firm Samara Alpha Management on Monday to manage their strategic XRP reserve. This partnership marks an effort to solidify the legal and technical infrastructure of the crypto sector.
A final decision on the strategic XRP reserve is yet to come. However, industry experts are interpreting this move as a serious precursor to the corporate-level integration of XRP.
Webus' Journey on Nasdaq
Back in February 2025, Webus made its debut on the Nasdaq stock exchange following a successful IPO that raised $8 million. The company is continuously expanding its AI-powered chauffeur services to various global markets.
Simultaneously, renewable energy company VivoPower announced last week its intention to create a $121 million XRP reserve. The first $100 million of this venture will be managed by BitGo.
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Ripple (XRP) News
Webus International Limited, although based in China, is not the Turkish tech firm initially mentioned in the article. Instead, they offer high-end and AI-powered chauffeur services. They've proposed to fund their $300 million XRP-focused initiative using loans and credit facilities[1][3][5], with the aim of adopting Ripple's payment network to improve cross-border transactions for their global services[1][4].
This development aligns with other companies like VivoPower and Wellgistics who are also forging ahead with XRP solutions[1][5]. As of now, the financing plan is contingent upon final agreements and due diligence[1]. Webus has also renewed a partnership with Tongcheng Travel Holdings to leverage XRP for settling cross-border transactions and driver payouts[1][4].
Though Webus has not officially established the $300 million XRP reserve yet, they are actively preparing to integrate XRP into their operations.
- The Tech Firm, Webus International Limited, is partnering with U.S. investment firm Samara Alpha Management to manage the strategic XRP reserve they plan to build, with intentions of implementing XRP-based payments in their international services.
- In the realm of finance and technology, Webus International Limited and renewable energy company VivoPower are joining forces, each planning to create extensive XRP reserves, demonstrating a growing interest in XRP solutions.
