Ripple has confirmed it will remain a private company despite recent speculation, citing its strong financial health and aggressive growth strategy through acquisitions.
Key Takeaways
- Ripple President Monica Long confirmed there are no plans for an IPO, emphasizing the firm’s robust balance sheet and independence from public funding needs.
- The decision follows a $500 million funding round in November 2025, which valued Ripple at $40 billion.
- In 2025, Ripple completed four major acquisitions worth nearly $4 billion to expand its enterprise crypto infrastructure.
- Ripple’s strategy centers on product innovation, stablecoin integration, and crypto payroll solutions rather than chasing public market liquidity.
What Happened?
Ripple has decisively rejected the idea of going public, despite industry speculation following its massive $500 million fundraising round. The company’s leadership, particularly President Monica Long, says Ripple’s private model allows more flexibility and better control as it pursues aggressive growth in fintech and blockchain infrastructure.
🔥XRP AIMS TO BE A GLOBAL COMPLIANT INFRA
— Coin Bureau (@coinbureau) January 7, 2026
XRP President Monica Long says its strategy is to build compliant infrastructure connecting TradFi and crypto, with custody and on/off-ramps at the core.
Ripple has now secured 70+ licenses worldwide.🌐 pic.twitter.com/qp5nCbadGr
Ripple Confirms It Is Not Pursuing an IPO
Ripple President Monica Long put an end to IPO rumors during a Bloomberg interview, saying, “Currently, we still plan to remain private.” She explained that going public is often about gaining access to liquidity and broader investors, which Ripple does not currently need. “We’re in a really healthy position to continue to fund and invest in our company’s growth without going public,” Long said.
Long emphasized that being private enables Ripple to allocate capital more efficiently and innovate faster, without the short-term pressure of quarterly earnings or public market volatility. This stance is aligned with Ripple’s mission to create usable blockchain products for the real world.
$500 Million Raise and a $40 Billion Valuation
Speculation about a potential IPO had intensified after Ripple raised $500 million in November 2025, drawing support from big-name investors like Fortress Investment Group and Citadel Securities. The funding round valued Ripple at $40 billion, a sharp rise from its previous valuation of $11.3 billion, which was tied to an earlier share buyback.
While Long confirmed the fundraising structure offered favorable terms and downside protection for investors, she didn’t clarify whether these protections were required to secure investor interest or justify the valuation.
Growth Through Acquisitions and Product Expansion
Ripple is focusing its efforts on expanding its product suite and enterprise capabilities rather than entering public markets. In 2025, the company spent nearly $4 billion acquiring firms that enhance its offerings across digital asset custody, payments, and treasury management:
- Hidden Road, a multi-asset prime broker.
- Rail, a stablecoin payments platform.
- GTreasury, a leading treasury management software provider.
- Palisade, a digital asset wallet and custody firm.
The firm’s stablecoin RLUSD plays a central role in these services, especially within Ripple Payments and the newly launched Ripple Prime, which offers institutional XRP lending and brokerage solutions.
CEO Brad Garlinghouse hinted at more deals in 2026, noting partnerships with companies like Mastercard and Gemini as proof of Ripple’s expanding ecosystem.
The Push Toward Crypto Payroll and Treasury Services
Ripple’s acquisitions support a broader goal of becoming a one-stop shop for institutional crypto infrastructure. This includes the development of crypto payroll platforms and treasury solutions using stablecoins. As more global firms adopt digital currencies for salaries and settlements, Ripple aims to be a key provider of enterprise-grade tools for those needs.
The acquisition of GTreasury positions Ripple to enter the multi-trillion-dollar corporate treasury market, while Rail’s network processes over 10 percent of global stablecoin transaction volume in B2B use cases.
CoinLaw’s Takeaway
In my experience covering crypto firms, this is a bold and smart move. Ripple is showing that staying private doesn’t mean staying small. They’re making serious acquisitions, innovating around stablecoins and payments, and avoiding the quarterly distractions of a public listing. I found their focus on real-world use cases and product infrastructure to be refreshing in a space often driven by hype. If more crypto firms took this path of disciplined, mission-driven execution, we might see stronger long-term players and less boom-and-bust volatility.
