While crypto companies race to list on Wall Street, Ripple is sitting it out. Speaking at the company’s Swell conference in New York, Ripple President Monica Long made it clear that the company has no immediate plans for an IPO.
‘We have no timeline for an IPO’ Long said to Bloomberg. “No plan, no timeline.”
Her words come at a time when the crypto industry is in the midst of an IPO boom. Companies like Circle, Gemini, Bullish and Figure Technologies have already gone public this year, while Kraken and Consensys are preparing to follow.
A $40 billion valuation and no rush for an IPO
Ripple is avoiding an IPO because it doesn’t need one. The company recently raised $500 million in new funding, bringing its valuation to $40 billion. The round was led by Fortress Investment Group and Citadel Securities, with support from Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.
“We’re in a fortunate position where we’re very well capitalized and can fund all of our organic growth, inorganic growth, strategic partnerships – whatever we want to do,” Long said.
That financial strength is also reflected in Ripple’s internal confidence. The company reportedly tried to buy back Shares worth $1 billion from investors, but found few sellers, which is a sign that existing shareholders are holding on tight.
Ripple’s growth is driven by stablecoins and partnerships
Ripple’s growth story is gaining momentum. Long said the company’s customer base has doubled quarter-over-quarter, powered by growing adoption of stablecoin payments and greater regulatory clarity following the US Genius Act.
Ripple’s RLUSD stablecoin is already making waves $1 billion in circulation within a year of launch. The company is working with Mastercard, WebBank and Gemini to test the use of RLUSD for credit card payments, which could expand Ripple’s role in the payments ecosystem.
Ripple also strengthened its institutional arm by acquiring Palisade, a digital asset custody provider, to offer secure and scalable crypto services under one platform.
Staying private in a public frenzy
The crypto IPO boom is driven in part by a friendlier environment under President Donald Trump’s administration, which has eased regulatory pressure and revived investor interest.
Still, Ripple’s decision to remain private shows a confidence based on cash reserves, steady growth, and control over its own direction.
While rivals rush towards public listings, Ripple seems content to focus on building.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict editorial guidelines based on EEAT (Experience, Expertise, Authoritativeness, Trustworthiness). Each article is fact-checked from reputable sources to ensure accuracy, transparency and reliability. Our review policy ensures unbiased evaluations when recommending exchanges, platforms or tools. We strive to provide timely updates on everything crypto and blockchain, from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the writer nor the publication accepts responsibility for your financial choices.
Sponsored and Ads:
Sponsored content and affiliate links may appear on our site. Ads are clearly marked and our editorial content remains completely independent from our advertising partners.