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Nasdaq Firm Wellgistics Turns to XRP for Crypto Finance Strategy, Ripple Legal Expert Weighs In
A recent SEC filing has revealed that Nasdaq-listed company Wellgistics Health is planning to integrate XRP into its financial strategy. The firm intends to utilize the digital asset as a treasury reserve, payment rail, and financing tool, marking a significant step towards mainstream adoption.
According to the S-1 registration form filed with the U.S. Securities and Exchange Commission, Wellgistics Health aims to hold XRP as part of its treasury, but that’s not all it plans to do with the asset. The company also intends to use XRPL (XRP Ledger) to build a payment system connecting itself with pharmacy customers, manufacturers, and vendors. This infrastructure will enable fast, low-cost payments without relying on traditional financial rails.
Bill Morgan, a Ripple legal expert, has commented on the filing, describing it as “revealing” and highlighting the genuine business utility that Wellgistics Health is demonstrating. He noted that this move goes beyond simply holding XRP in a treasury reserve, emphasizing the comprehensive approach taken by the company.
The filing also outlines plans to increase the company’s XRP holdings by raising capital through equity or debt offerings. The funds raised will be used to acquire more XRP, effectively positioning the asset as a strategic component of its balance sheet. Moreover, Wellgistics Health aims to leverage its XRP reserves to secure loans or financing, treating the cryptocurrency as collateral.
This approach, while unconventional in the healthcare space, directly ties the company’s financial strategy to crypto market movements. It remains unclear what specific methods will be employed to generate income from XRP holdings, but options may include staking, lending, or other crypto-native income strategies.
The combination of payment utility, treasury reserve, collateral, and yield-generation makes for a multi-use role for XRP, directly addressing long-standing skepticism around the asset’s practical utility.
Source: blockonomi.com
