Wellgistics Health has disclosed plans to significantly increase its stake in the digital asset XRP, filing a registration statement (Form S-1) with the US Securities and Exchange Commission (SEC).
The filing outlines the company’s intention to raise capital through potential equity or debt offerings, with a primary objective of expanding its holdings of XRP.
Wellgistics Health aims to utilize XRP for real-time payment solutions and intends to generate income by leveraging the cryptocurrency in various yield-bearing opportunities.
This move aligns with a growing trend in enterprise blockchain adoption. Similar initiatives, including Nature’s Miracle’s integration of XRP into its accounting operations and VERT Capital’s $130 million debt tokenization effort on the XRP Ledger (XRPL), demonstrate increasing corporate interest.
The SEC filing positions XRP primarily as a treasury reserve asset and operational utility token, signaling a move beyond purely speculative trading objectives towards concrete financial applications.
Wellgistics’ plans proceed against the backdrop of ongoing regulatory scrutiny surrounding XRP’s classification. The company’s approach contributes to the evolving narrative framing XRP as a viable financial instrument within corporate structures and enterprise blockchain solutions.