Ripple's Bold Strategy: Why the $40 Billion Crypto Giant Is Rejecting IPO Plans

Ripple's Financial Strength Fuels Private Growth Strategy

Ripple President Monica Long has made a significant announcement: the company has no plans to pursue an initial public offering (IPO), emphasizing its robust financial position and preference for expanding privately through acquisitions and product development.

"Currently, we still plan to remain private," Long said in a Tuesday interview with Bloomberg. "Often the strategy driving an IPO is to get access to the investors and the liquidity of the public markets … We're in a really healthy position to continue to fund and invest in our company's growth without going public."

Recent Funding Round and Investor Confidence

Long's comments come after Ripple raised $500 million in November 2025 at a $40 billion valuation. The round drew investors including Fortress Investment Group, Citadel Securities and other crypto-focused funds.

When asked about the specific terms of the fundraising — including investor protections such as the right to sell shares back to Ripple at a guaranteed price and return, as well as preferential treatment in events like bankruptcy or a company sale — Long described the deal structure as "very positive, very favorable for Ripple."

Long did not, however, elaborate on whether such protections were necessary to secure the participation of major investors or to support the reported valuation.

Aggressive 2025 Expansion Through Acquisitions

Ripple saw significant expansion in 2025, completing four major acquisitions — global multi-asset prime broker Hidden Road, stablecoin payments platform Rail, treasury management system provider GTreasury and digital asset wallet and custody firm Palisade. These deals, totaling nearly $4 billion, are part of Ripple's push to position itself as a comprehensive provider of enterprise digital asset infrastructure.

As of last November, Ripple Payments had processed over $95 billion in total volume. Ripple Prime — built with the Hidden Road acquisition — has recently expanded into collateralized lending and institutional XRP products. Ripple's dollar stablecoin, RLUSD, sits at the core of both businesses.

"The whole strategy of our company is to create products," Long said. "So the connective tissue that traditional finance needs to make blockchain and cryptocurrencies and stablecoins, all these tokenized assets, to make them actually useful and applicable in the real world."