Ripple has officially shut down rumors that it might go public anytime soon. Monica Long, the company’s president, confirmed on Tuesday that the blockchain firm has no plans for an IPO. Instead, Ripple is using its own strong financial position to buy up other companies and build new tools for big banks.
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Many companies go public to raise money, but Ripple says it doesn’t need to. Because the company has a strong balance sheet, it can afford to stay private and keep its business plans out of the public eye for now.
Massive Funding Round Keeps the Company Independent
A major reason Ripple can stay private is the $500 million it raised in late 2025. Big-name investors like Citadel Securities and Fortress Investment Group took part in that deal, which valued Ripple at a massive $40 billion.
When asked why they aren’t looking for more money from the stock market, Long told Bloomberg that Ripple simply doesn’t need the extra capital right now. She described the terms of its recent funding as “very positive” and “very favorable,” giving them plenty of room to operate without the pressure of being a public company.
Ripple Spent 2025 on a $4 Billion Shopping Spree
Instead of preparing for an IPO, Ripple spent 2025 on a massive buying spree. The company spent nearly $4 billion to acquire four different startups, including the broker Hidden Road and the wallet firm Palisade.
These deals are part of a plan to handle all the realms of digital finance, from holding the money (custody) to moving it across borders (payments). Long explained that the goal is to build the “connective tissue” that traditional banks need to use crypto in their daily work. “The whole strategy of our company is to create products,” she stated, focusing on real-world use rather than stock market hype.
Ripple’s Success Is Evident in the Numbers
Ripple’s business is already moving huge amounts of money without being on the stock exchange. By the end of last year, the company’s payment system had handled over $95 billion in total volume.
At the heart of this success is its new stablecoin, RLUSD. This digital dollar ties all of Ripple’s services together, helping banks settle trades and manage their cash more quickly than old-fashioned banking systems. By staying private, Ripple can focus on these technical goals without having to answer to thousands of individual stock investors every three months.
At the time of writing, Ripple’s native token XRP is sitting at $2.1972.
