Webus International Establishes $300 Million XRP Treasury: A Sign of Institutional Backing for Ripple’s Solution

Chinese travel and mobility conglomerate Webus International has taken a bold step towards incorporating blockchain technology into its operations, filing a significant SEC form on June 2 to establish a $300 million XRP treasury. This move marks one of the largest crypto treasury bids by a public Chinese company and signifies increasing institutional interest in Ripple’s XRP solution for cross-border payments.