- Wellgistics Health intends to use XRP for low-cost, real-time payments between pharmacies, vendors, and manufacturers.
- The company’s S-1 filing details plans to raise capital through securities to acquire more XRP and expand digital asset holdings.
- XRP will serve as a reserve, income-generating asset, and collateral in Wellgistics Health’s evolving financial strategy.
Wellgistics Health (NASDAQ: WGRX), a technology-driven healthcare firm, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission. The document outlines its strategic adoption of XRP and the XRP Ledger (XRPL) across several operational areas. The company plans to utilize XRP beyond reserves by integrating the ledger for real-time payments between pharmacies, manufacturers, and partners.
Attorney Bill Morgan shared insights into the filing, noting that Wellgistics aims to implement XRP in ways that include transaction settlements, reserve holdings, and as collateral for funding. According to Morgan, this filing presents a functional business application of XRP, showing how the token can support enterprise-level financial workflows despite ongoing scrutiny.
Company Prepares to Raise Capital to Expand XRP Holdings
The S-1 filing reveals that Wellgistics is considering issuing equity or debt to raise capital specifically for the purchase of more XRP. The company has expressed interest in using its existing XRP reserves as collateral in these fundraising efforts. This move indicates a shift in corporate treasury practices, where digital assets are considered viable instruments for liquidity and financing strategies.
Beyond payments and fundraising, the company plans to generate income from its XRP holdings. This includes deploying tokens in yield-generating opportunities as part of a broader asset management approach. The filing states that XRP is intended to be actively used rather than held passively, positioning the asset as a dynamic component of the firm’s financial model.
Wellgistics is among several firms recently engaging with Ripple’s ecosystem. Earlier this year, Nature’s Miracle also disclosed the adoption of XRP. Additionally, Brazil-based VERT Capital launched a $130 million debt tokenization on XRPL, further demonstrating enterprise-level interest in the ledger.
