XRP News Today: Webus Secures $100 Million Funding for XRP Treasury Strategy

Webus International Limited, a Nasdaq-listed provider of AI-driven mobility and chauffeur services, has secured a conditional Securities Purchase Agreement with Ripple Strategy Holdings for up to $100 million in funding. This funding is intended to support Webus's XRP treasury strategy, which includes crypto-enabled payments, blockchain-based loyalty programs, and expansion across key markets in North America and Asia-Pacific.

The senior equity line of credit will allow Webus to access tranches ranging from $250,000 to $3 million over a 24-month period, pending regulatory approvals. This flexible structure enables Webus to raise capital as needed while limiting dilution for existing shareholders. Webus CEO Nan Zheng described the agreement as a strong vote of confidence in the company’s approach, noting that it will help accelerate growth and strengthen leadership in crypto-powered premium mobility.

This announcement comes on the heels of Webus establishing a Delegated Digital-Asset Management Agreement with a mandate cap of up to $300 million for XRP treasury operations. The funding will support various initiatives, including the expansion of crypto payments and loyalty programs, as well as market expansion in North America and Asia-Pacific.

While little is publicly known about Ripple Strategy Holdings, its name suggests a focus on XRP-related investments. It is important to note that Ripple Strategy Holdings is not affiliated with Ripple Labs, the company behind the XRP Ledger and XRP token.

In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury. Later, on June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. This move by VivoPower highlights the growing interest in XRP as a strategic asset within the cryptocurrency market.

Last week, Ripple CEO Brad Garlinghouse revealed that the company will withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal. This announcement followed a U.S. district court decision rejecting a joint request from Ripple and the SEC to reduce Ripple’s $125 million civil penalty and overturn the ruling that classified Ripple’s institutional XRP sales as securities transactions. In her ruling, Judge Analisa Torres noted Ripple’s readiness to “push the boundaries” of the earlier summary judgment, suggesting a risk of future violations.

Ripple’s chief legal officer, Stuart Alderoty, said the firm faced a choice between dropping the appeal or continuing to contest the finding. He emphasized that regardless of the decision, “XRP’s legal status as not a security remains unchanged,” and assured that Ripple’s business operations would continue as usual. This development underscores the ongoing legal complexities surrounding XRP and its classification as a security, which has significant implications for the cryptocurrency market.