Ripple will not go public. Despite a $40 billion valuation and a market once again favorable to major IPOs, the company behind XRP reaffirms its strategy: to remain private and finance its growth without resorting to public markets.
No IPO: A Clear and Definitive Position
“We still plan to remain private“. The message delivered by Monica Long, President of Ripple, in an interview with Bloomberg, is crystal clear. According to her, the company does not feel the need for liquidity or the capital access constraints that typically drive tech companies towards an IPO.
This announcement comes after a significant fundraising round. In November 2025, Ripple raised $500 million from top-tier investors, based on an estimated $40 billion valuation. Participants included Fortress Investment Group and entities linked to Citadel Securities, alongside funds specializing in digital assets.
A Fundraising with Very Favorable Terms
Asked about the terms of this round, Monica Long described them as “very positive” and “very favorable” for Ripple. Without delving into specifics, she acknowledged the existence of investor protection mechanisms, including options to resell shares at a guaranteed price or preferential treatment in unfavorable scenarios.
The message is clear: Ripple manages to attract significant capital without the governance, transparency, and volatility constraints inherent in a public listing. A luxury reserved for a very limited number of players.
A 2025 Marked by Acquisition Frenzy
This financial strength fuels an aggressive growth strategy. In 2025, Ripple completed four major acquisitions totaling nearly $4 billion. These include multi-asset prime broker Hidden Road, stablecoin payments platform Rail, cash management specialist GTreasury, and institutional wallet and custody solution Palisade.
The goal is coherent: to build an integrated offering covering the full digital assets value chain for businesses and financial institutions. Payments, liquidity, custody, treasury, settlement: Ripple aims to control it all.
RLUSD at the Core of the System
At the heart of this architecture lies RLUSD, the dollar-indexed stablecoin from Ripple. It permeates both payment activities and institutional offerings developed around Ripple Prime, including collateralized lending and XRP-related products.
To date, Ripple Payments has processed over $95 billion in cumulative volume. These figures bolster the core argument of the leadership: the company generates enough commercial traction to finance its growth without opening up to the public.
A Long-Term Strategy, Away from the Spotlight
By refusing the IPO, Ripple is making a deliberate choice. To prioritize product development, integration into traditional finance workflows, and the rise of stablecoins and tokenized assets, over stock market visibility. Of course, the company continues to be accused of benefiting from an infinite mint of XRP tokens, sold on the market, to sustain its operations.
In an industry where many are still seeking validation from public markets, Ripple asserts the opposite: staying private is now a strategic advantage, not a constraint.
