China-based Webus International plans a $300 million XRP treasury to support international payment solutions, as per a filing with the US Securities and Exchange Commission.
The company aims to utilize Ripple's blockchain network in its business for streamlined cross-border transactions and enhanced transparency in the travel and hospitality sector.
Webus partnered with Samara Alpha Management to establish its XRP treasury, joining a trend of public companies integrating cryptocurrencies into their treasuries.
This move reflects a broader interest from corporations in tokens like XRP, with other companies like Wellgistics and VivoPower International also announcing plans to incorporate significant amounts of XRP into their balance sheets.