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Chinese Giant SEC Heard of $300 Million Ripple Move

Summary by https://www.cryptela.com
China-based automotive and hospitality company Webus International has filed with the U.S. Securities and Exchange Commission (SEC) to establish a $300 million XRP-focused institutional reserve. Webus International,… Chinese Giant Heard With $300 Million Ripple Move...
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Webus, the technology company for mobility solutions listed in Nasdaq, has taken a strategic step that could redefine its future and that of the global payment system. Last Tuesday, Webus International Limited presented to the United States Stock Exchange and Securities Commission (SEC) Form 6-K, revealing a key agreement with Samara Alpha Management LLC to lay the foundations for an XRP reserve valued at up to $300 million. This announcement no…

China-based automotive and hospitality company Webus International has filed with the U.S. Securities and Exchange Commission (SEC) to establish a $300 million XRP-focused institutional reserve. Webus International,… Chinese Giant Heard With $300 Million Ripple Move...

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https://www.cryptela.com broke the news in on Wednesday, June 4, 2025.
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