Business

Webus Signs up to $300 Million XRP Treasury Management Agreement with Top-Tier Manager Samara Alpha, Making a Major Step in Its XRP Treasury Strategy

Hangzhou, CHINA, June 02, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) (NASDAQ: WETO), a leading provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services worldwide, today announced the signing of a Delegated Digital-Asset Management Agreement (the “Agreement”) with Samara Alpha Management LLC ("Samara Alpha"), a top-tier SEC-registered investment adviser, establishing a strategic framework for potential future digital as

articleWetour Robotics LimitedJune 2, 20254/company/webus-international-limited-ordinary-shares/news/webus-signs-up-to-dollar300-million-xrp-treasury-management-agreement-with-top-tier-manager-samara-alpha-making-a-major-step-in-its-xrp-treasury-strategy
Webus Signs up to $300 Million XRP Treasury Management Agreement with Top-Tier Manager Samara Alpha, Making a Major Step in Its XRP Treasury Strategy

About this update from Wetour Robotics Limited

[{"type":"image","alt":"Webus International Limited","displaySize":"","headline":null,"caption":"Webus International Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":50,"url":"https://media.zenfs.com/en/globenewswire.com/25ec9adac98fa392ca156fe03add1999"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZDwGCm59mEgHc9eQRQ39MQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/25ec9adac98fa392ca156fe03add1999","width":300,"height":50}},"lazy":false},{"type":"text","content":"Hangzhou, CHINA, June 02, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) (NASDAQ: WETO), a leading provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services worldwide, today announced the signing of a Delegated Digital-Asset Management Agreement (the “Agreement”) with Samara Alpha Management LLC ("Samara Alpha"), a top-tier SEC-registered investment adviser, establishing a strategic framework for potential future digital asset treasury operations.","length":534,"tagName":"p"},{"type":"text","content":"Framework for Digital Asset Management","length":38,"tagName":"p"},{"type":"text","content":"The Agreement establishes Samara Alpha as Webus's exclusive delegated manager for digital assets, with an authorized mandate cap of up to US$300 million. This strategic framework,as mentioned in our press release on May 29, 2025, is designed to provide Webus with institutional-grade infrastructure and expertise for potential future digital asset treasury operations, specifically focused on XRP management.","length":412,"tagName":"p"},{"type":"text","content":"This Agreement represents a major step in Webus's exploration of innovative treasury strategies, though it is important to note that the Agreement is structured with a phased implementation approach. The management mandate becomes effective only upon Webus's actual transfer of digital assets to designated custody wallets. As of this announcement, no assets have been committed or transferred, and no investment activity has commenced under this framework.","length":465,"tagName":"p"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":"Mr. Nan Zheng, Chief Executive Officer of Webus, stated, "This Agreement ...

More updates from Wetour Robotics Limited

Digital Asset ManagementSamara Alpha Management LLCdigital assetmobility solutionschauffeur servicesManagement AgreementWebusThe CompanyForward-Looking Statements