Wellgistics Health, Inc. announced on May 8, 2025, that it has secured a $50 million Equity Line of Credit (ELOC). The proceeds from this ELOC may be utilized to further develop and unlock programmable liquidity and on-demand financial infrastructure. This aims to eliminate banking delays, reduce costs, and increase transparency across its national healthcare network.
Concurrently, the company announced a new initiative to pioneer the use of XRP, a blockchain-based digital asset, as both a treasury reserve and a real-time payments infrastructure. Management believes this would make Wellgistics among the first publicly traded healthcare companies to deploy XRP in this manner. This initiative is designed to support faster vendor payments, performance-based rebates, and embedded liquidity tools for pharmacies and manufacturers.
CEO Brian Norton stated that the company is developing a platform that connects manufacturers directly to pharmacies and patients, bypassing red tape. The blockchain-enabled payment system is seen as the next logical step in healthcare evolution. This move positions Wellgistics Health to lead in the convergence of healthcare and fintech.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.