Nasdaq Firm Wellgistics Health Files $50M Plan to Integrate XRP into Core Operations

Wellgistics Health, a Nasdaq-listed healthcare firm, has filed an S-1 form with the SEC outlining plans to integrate XRP into its core business operations, including B2B payments, treasury reserves, collateral, and capital-raising. The company aims to use a $50 million fund from LDA Capital to support XRP infrastructure development. Analysts believe this move strengthens XRP's image as a financial tool with real-world utility, while others question the legitimacy of the plan and compare it to crypto pump-and-dump tactics.

Wellgistics Health, a Nasdaq-listed healthcare firm, has filed an S-1 form with the Securities and Exchange Commission (SEC) detailing plans to integrate XRP into its core business operations, including B2B payments, treasury reserves, collateral, and capital-raising. The company aims to use a $50 million fund from LDA Capital to support XRP infrastructure development. Analysts believe this move strengthens XRP's image as a financial tool with real-world utility, while others question the legitimacy of the plan and compare it to crypto pump-and-dump tactics.

According to the S-1 filing, Wellgistics Health intends to deploy the XRP Ledger (XRPL) across its payment and financing operations, positioning the digital asset as a core part of its business model [1]. The company stated that it will implement XRP in its payment systems to facilitate near-instant, low-cost transactions involving pharmacies, drug manufacturers, and vendors. Its logistics network currently includes approximately 6,000 pharmacies and 150 manufacturing partners. Wellgistics aims to streamline payment flows using XRPL, a blockchain-based platform developed for fast and secure asset transfers. The filing clarified that XRP will not be used passively but will instead function as a tool for real-time settlements and financial infrastructure upgrades. These capabilities are intended to reduce payment delays and operational friction, especially across business-to-business transactions. The firm’s leadership highlighted the possibility of blockchain technology to modernize legacy healthcare payment systems.

To support its adoption plans, Wellgistics outlined a strategy to raise funds through equity and debt offerings, with the capital earmarked for XRP accumulation. The company plans to increase its digital asset holdings gradually, with XRP intended to serve as both a treasury reserve and collateral for future financing activities. The SEC filing shows that XRP holdings may be pledged to support liquidity access without disrupting operational budgets. The company noted that this financial arrangement is expected to reduce dependency on traditional short-term lending and diversify funding sources. Wellgistics also pointed to income-generating strategies tied to XRP as a method for enhancing balance sheet efficiency.

The company's filing may have just flipped the script on the “XRP has no utility” narrative. Bill Morgan, a Ripple legal expert, made a solid point that the real value will show if Wellgistics actually uses XRP for payments with suppliers and customers. However, if it’s just about using XRP as a buzzword to raise capital, then the utility argument falls flat [2].

Wellgistics’ plan to use XRP has people asking if it’s a real strategy or just a way to get investor attention. Marc Fagel, a former SEC official, also joined in and pointed out that Wellgistics has low revenue, net losses, few assets, and even a “going concern” warning from its auditor. That raises doubts that could this be more about attracting investors than a real business plan? While Morgan admits that this is possible, he also sees it as part of a bigger trend. Other firms like Tesla, MicroStrategy, and Meitu have already used crypto, mainly Bitcoin, for treasury [3].

Wellgistics Health's move is significant, as it is one of the first publicly traded U.S. healthcare companies to hold XRP as part of its financial reserves. The company's filing may have just flipped the script on the “XRP has no utility” narrative. Morgan made a solid point that the real value will show if Wellgistics actually uses XRP for payments with suppliers and customers. However, if it’s just about using XRP as a buzzword to raise capital, then the utility argument falls flat.

References:
[1] https://www.mitrade.com/insights/news/live-news/article-3-988800-20250726
[2] https://www.tradingview.com/news/coinpedia:839bd9169094b:0-wellgistics-health-s-bold-xrp-move-but-is-it-real-strategy-or-just-investor-buzz/
[3] https://blockchainreporter.net/wellgistics-health-submits-sec-filing-to-integrate-xrp-into-financial-operations/