Public Companies Are Now Using XRP as a Treasury Asset
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An increasing number of public companies are now using XRP, a popular cryptocurrency, as part of their financial plans. Attorney J. E. Deaton shared on June 30 that at least five companies have already made XRP a key part of their treasury. This shift is not just about token price. Instead, it shows how companies better understand crypto’s future role in business. Deaton believes more companies will follow, similar to how MicroStrategy used Bitcoin in its treasury.
According to Deaton, this trend is more about behavior than crypto itself. He said people on Wall Street will use any asset if they believe it helps their company grow. XRP is now one of those assets. As adoption grows, more businesses are turning to digital currencies for speed, value, and new opportunities in finance.
Companies Supporting XRP Treasuries
Vivopower International raised $121 million and plans to invest $100 million into XRP. The company is backed by Saudi investors and advised by a former Ripple Asia leader. VivoPower aims to become the first publicly company but exclusively focused on XRP. To this end, this step shows their strong belief in the future of digital assets.
Also, Worksport Ltd. is another company using XRP. It has set aside $5 million, 10% of its extra funds, for XRP and Bitcoin. This shows even smaller companies trust crypto for long-term value. These moves reflect a growing shift from cash-only savings to digital asset reserves.
The Token for Projects and Payments
From another angle, Hyperscale Data Inc. prepares to launch an XRP lending portal by late 2025. This means the token will be more than savings; it will help build services. The company also treats the token as an official asset on its financial books.
Additionally, Webus International Ltd. is managing a $300 million XRP treasury with Samara Alpha. The funds will support global payments and Web3 projects. Also, Wellgistics Health Inc. is using the token for faster payments, helping avoid banking delays.
Deaton ended by saying, “Wall Street is too greedy to not do it,” meaning more firms will likely follow for profit.
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