Webus has announced on Form 6-K to the US Securities and Exchange Commission (SEC) that it may establish a $300 million treasury in XRP. This development is an ambitious move to bring revolutionary changes to the global digital payment landscape.
The application detailed initiatives to incorporate XRP into its financial ecosystem with remote implications for the institutional adoption of the digital currency.
Webus Sales, Inc. announced that it has entered into a Delegated Digital-Asset Management Agreement with Samara Alpha, which shall now form the administrative basis for the company’s digital asset treasury activities. Webus noted that the integration of XRP blockchain had the potential to change the way the company processes international payments for partners and clients.
To finance the treasury, the firm is adopting a diversified finance plan. It will use cash reserves, bank loans, shareholder guarantees, and institutional credit facilities from conventional financial institutions. The treasury program highlights Webus’ resolve to grow its presence in the digital asset market, particularly with XRP as the nucleus.
Webus is not the only one partaking in this endeavor. VivoPower, a Nasdaq-listed company, has already taken major strides toward building its own XRP treasury. The firm has secured $121 million as part of its strategy centered around DeFi and XRP. It has joined forces with BitGo, a prominent crypto custody and trading platform, to help make the initial $100 million purchase of XRP.
According to the deal, BitGo would be VivoPower’s sole over-the-counter (OTC) trading desk, handling both buying and continued trading of XRP tokens. BitGo would also offer secure custody solutions for VivoPower’s digital assets.
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These treasury updates follow skyrocketing hopes for the SEC’s approval of an XRP Exchange-Traded Fund (ETF). Polymarket indicates there is now a 92 percent chance the SEC will approve an XRP ETF by the last quarter of 2025. The likelihood of SEC approval, though, before the July 31 deadline is low, at only 18 percent.
Large asset managers such as Grayscale, Bitwise, 21Shares, WisdomTree, CoinShares, and Franklin Templeton have all applied for XRP ETFs, indicating increasing institutional demand for the altcoin.
Despite the hype, XRP is at $2.18 as of now, which is 2.14 percent lower than it was 24 hours ago, based on data from CoinMarketCap. Analysts such as BarriC have opined that XRP can reach $10–$20 after getting ETF approval, with possibilities of going higher in a bullish environment fueled by institutional investment.
While Webus and VivoPower set the pace with multi-million-dollar XRP treasuries, the roadmap for XRP’s mainstream adoption and price spike looks ever brighter.