Oh, the Drama! Webus Files with SEC to Make XRP the Star of the Show!
Hold onto your hats, folks! XRP is now strutting into the big leagues, as Webus rolls out a $300 million digital piggy bank — because, why not? Regal clarity and super fancy execution, straight out of the Silicon Valley Shakespeare™.
Webus Calls in the SEC — Because Every Good Story Needs a Plot Twist
Webus International Ltd. (Nasdaq: WETO) drops the mic with its secret plan to conquer the digital asset universe, one XRP at a time (or so they hope). They filed a little something-something with the SEC to get everyone’s favorite digital superhero, XRP, into their treasury vault — just in time for the summer blockbuster.
On June 3, they introduced a juicy little deal with Samara Alpha Management LLC — which sounds like a fancy latte but is actually a big player in the crypto drama. The plot thickens with an SEC filing that spills the tea on their XRP treasury plan — because nothing says “trust us” like a corporate PowerPoint and a lot of legal mumbo jumbo.
So, here’s the scoop: they’re packing up to juggle a potential $300 million of digital assets — mainly XRP, folks — but hold your horses! They haven’t transferred a single coin yet. The agreement, inked on May 28, only kicks into gear once the assets are handed over, like a piñata waiting to be struck.
Their superhero custody plan? Multi-signature wallets: meaning Webus keeps the keys, Samara Alpha can’t just waltz in and swipe everything. Because, in crypto, security is just a fancy word for “nobody gets the donut unless they have all the keys.” Cookies not included.
The fees? Oh, just a tiny 2% per year, plus 20% of the profits that zoom past the highest high-water mark — because who doesn’t love a good profit-sharing party? On top of that, 80/20 staking split here, because Webus isn’t shy about taking most of the pie. All under the watchful eye of New York law — the big boss of legal drama.
So, what’s the moral of this story? Webus is tiptoeing into the crypto world wearing a tuxedo, showing off their regulated, cautious approach — like a banker trying to look hip at a rave. Because in the end, it’s all about “trust,” and maybe a little bit of SEC-approved swagger. 🎭🔥
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2025-06-04 17:29