Wellgistics Health, Inc., a Florida-based pharmaceutical distributor, has announced the adoption of XRP in treasury management strategies, including blockchain investments.
Wellgistics Health and XRP Integration
Wellgistics Health, Inc. (NASDAQ: WGRX) has filed with the U.S. Securities and Exchange Commission (SEC) to adopt XRP for treasury management. The company plans to use $50 million from LDA Capital to back this strategy. The capital will be directed towards expanding XRP use and transitioning to blockchain technology.
Market Support and Legislation
Recent legislative measures in the U.S., including the passage of the GENIUS Act, are contributing to blockchain's popularization. XRP, used in institutional transactions, shows growing interest despite a recent 15.5% decline.
Nature’s Miracle and XRP Adoption
Nature’s Miracle Holding Inc. has also announced a $20 million program utilizing XRP. Working capital is provided based on a deal with GHS Investments. The company plans integration with Ripple's tools to enhance its financial operations.
Wellgistics Health's investments in XRP may influence other companies exploring digital asset opportunities for treasury innovation.
