Messari, a leading provider of crypto market intelligence products, has highlighted three publicly traded companies exploring establishing strategic XRP reserves.
In an X post today, Messari noted that three companies—VivoPower, Wellgistics, and Webus International—are planning to purchase and hold XRP as a treasury reserve asset.
Webus to Set Up $300M XRP Reserve.
Specifically, Webus International filed with the U.S. SEC to raise $300 million through non-equity funding to create a strategic XRP reserve.
The Nasdaq-listed company would fund the XRP treasury plan using its available cash reserves, institutional-backed credit facilities, and shareholders’ guarantees.
According to the filing, Webus will develop the strategic XRP reserve in collaboration with Samara Alpha Management. Once established, the company will leverage the reserve to support its global payment solutions.
VivoPower Reserve Plan
In addition, Messari noted that Nasdaq-listed VivoPower is earmarking around $121 million to create a strategic XRP reserve. Although the Messari tweet suggests that VivoPower plans to invest around $121 million in XRP, the company’s official announcement referred to this amount as the funds raised in a recent private placement.
Notably, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia led the private placement. Per the announcement, a significant portion of the $121 million will be used to purchase and hold XRP as a treasury reserve asset.
This move aligns with VivoPower’s goal to transform itself into the world’s first XRP-focused enterprise.
Wellgistics Health Secures $50M for XRP Reserve
Further, Messari highlighted Wellgistics Health as the third company exploring the XRP treasury strategy. Recall that the publicly traded health company secured $50 million last month to adopt XRP as a treasury reserve asset.
Additionally, Wellgistics announced plans to leverage XRP for real-time payments, aiming to eliminate the barriers of traditional payment systems.
Growing Interest in XRP as a Reserve Asset
At the moment, there is a growing trend among institutions to adopt XRP as a reserve asset. In addition to VivoPower, Wellgistics, and Webus, other companies are also considering adding XRP to their balance sheets.
In December, Worksport revealed plans to acquire XRP and Bitcoin as treasury reserve assets using 10% of its operational cash.
Last month, Ault Capital Group (ACG) announced that it will invest $10 million in XRP this year, supporting its expansion into the financial services sector.
Interestingly, the United States also named XRP among the assets that could be included in its digital asset stockpile.
