Chinese Firm Webus Files SEC Paperwork to Manage $300M XRP Treasury

The post Chinese Firm Webus Files SEC Paperwork to Manage $300M XRP Treasury appeared first on Coinpedia Fintech News

Webus, a Chinese company, has officially filed with the US SEC to raise $300 million for managing an XRP treasury. This move supports their plan to use XRP for fast international payments and build blockchain tools for drivers and customers. The authorized mandate lets Webus manage up to $300 million in XRP holdings under strict oversight. This shows Webus is serious about integrating XRP and expanding its use in the mobility sector, aiming for one of the biggest real-world digital asset uses by a public company.