Ripple Pushes Back on IPO Speculation, Focuses on Expansion and Institutional Growth

The blockchain payments company, fresh off a major funding round and strong market momentum, is opting to stay private as it continues to expand globally and strengthen its institutional presence.

Ripple Rejects IPO Timeline

At the Swell Conference in New York, Ripple President Monica Long made it clear that an initial public offering is not on the company’s immediate roadmap. In an interview with Bloomberg, Long stated that Ripple has “no plan, no timeline” for going public, dismissing speculation that the company might follow the recent wave of digital asset IPOs.

Her remarks come as several of Ripple’s industry peers, including Circle, Bullish, and Gemini, have either gone public or announced their intentions to do so. Kraken is also reportedly preparing for its debut. Yet Ripple appears content to remain private, buoyed by strong financial reserves and continued investor confidence.

“We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships—anything we want to do,” Long said.

Ripple’s ability to self-finance is a rare luxury in a sector still prone to volatility. Its leadership believes that maintaining independence allows for greater flexibility in global operations, especially as regulatory frameworks continue to evolve across major markets.

$500 Million Raise Strengthens Position

That independence is backed by hard numbers. Ripple recently completed a $500 million investment round at a $40 billion valuation, attracting heavyweight institutional investors including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

The round follows a $1 billion tender offer at the same valuation earlier this year, reinforcing confidence in the company’s long-term strategy. Ripple said the funding will support new product development, liquidity expansion, and strategic acquisitions.

While Ripple has not disclosed its 2024 revenue, Long confirmed that the firm’s customer base doubled quarter-over-quarter, fueled by growing demand for blockchain settlement infrastructure and stablecoin-based payment systems.

RLUSD Stablecoin Reaches $1B Market Cap

Adding to its recent successes, Ripple announced that its institutional stablecoin, RLUSD, has surpassed $1 billion in market capitalization just one year after launch. The company describes RLUSD as a fully USD-backed and institutionally trusted stablecoin, with adoption accelerating through integrations with Ripple Prime, GTreasury, and Rail.

Ripple said RLUSD, alongside XRP, will continue to drive fast and compliant settlement solutions worldwide. “This is how we advance the future of finance,” the company posted on X.

A Strategy of Strength, Not Exit

Ripple’s choice to stay private, even as valuations soar across the sector, signals a clear strategic focus on execution over optics. With robust cash reserves, expanding institutional adoption, and a thriving stablecoin ecosystem, the company sees no need for an IPO to validate its position.

As crypto markets mature, Ripple appears to be positioning itself less as a startup seeking liquidity and more as a long-term financial infrastructure provider—one that prefers to grow on its own terms rather than chase public market momentum.