Ripple has given a clear answer to the IPO discussions. Company President Monica Long stated that Ripple has no plans to go public in the near or medium term. In an interview with Bloomberg on Tuesday, Long said the company is in a strong financial position and wants to continue its growth strategy while maintaining its private company structure.
According to Long, the main motivation for IPOs is usually to secure liquidity from public markets and reach a wider investor base. However, it was emphasized that there is no such need for Ripple at this stage. Long stated, “We plan to remain private for now. An IPO is often preferred for the purpose of accessing investors and the liquidity offered by public markets. We, however, are in a very healthy position to finance our company's growth and continue investing without going public.”
Ripple received $500 million in investment
These statements come after Ripple completed a major funding round in November 2025. In that round, the company received approximately $500 million in investment, raising its valuation to $40 billion. Among the investors were Fortress Investment Group, Citadel Securities, and various crypto-focused funds. This showcased the level of relationship Ripple has built with the traditional financial world. Responding to questions about the details of the funding round, Long stated that some of the protective clauses granted to investors were quite positive and balanced for Ripple. These clauses included provisions such as the right for investors to sell their shares back to the company at a certain return and price, or priority treatment in scenarios such as bankruptcy and company sale. Long did not elaborate on whether these conditions were mandatory to attract large investors or whether they were designed to support valuation.
Ripple's aggressive growth moves throughout 2025 also explain why the company hasn't felt pressure to go public. Last year, the company completed four significant acquisitions: global multi-asset prime broker Hidden Road, stablecoin-based payment platform Rail, treasury management software provider GTreasury, and Palisade, which offers digital asset wallet and custody services. These acquisitions, worth approximately $4 billion, are seen as a crucial part of Ripple's goal to become a comprehensive player offering institutional digital asset infrastructure. Operational data also supports this strategy. The Ripple Payments platform reached a total transaction volume of over $95 billion by November 2025. Ripple Prime, developed through the Hidden Road acquisition, has begun expanding into secured lending and institutional XRP products. At the heart of all these services is Ripple's dollar-denominated stablecoin, RLUSD. Monica Long summarizes the company's long-term vision with a "product-focused" strategy. According to Long, Ripple's primary goal is to build the infrastructure that will enable traditional finance to functionally intersect with blockchain, cryptocurrencies, stablecoins, and tokenized assets in the real world.
