Ripple has no plans for an IPO, focusing on expanding privacy.

Ripple Chairman, Monica Long, stated that the company has no plans to go public with an (IPO), emphasizing its strong financial position and priority to expand through acquisitions and product development.

“Currently, we still intend to remain private,” Long said in an interview with Bloomberg on Tuesday. “The typical strategy driving an IPO is to access investors and market liquidity… We are in a very healthy position to continue funding and investing in the company’s growth without going public.”

Long’s comments come after Ripple raised $500 million in November 2025 with a valuation of $40 billion. The funding round attracted investors such as Fortress Investment Group, Citadel Securities, and other crypto-focused funds.

When asked about the specific terms of the funding round — including investor rights to sell back shares to Ripple at a guaranteed price and yield, as well as preferences in events like bankruptcy or company sale — Long described the deal structure as “very positive, very beneficial for Ripple.” However, she did not disclose whether these protections are necessary to attract large investors or support the reported valuation.

Ripple experienced significant growth in 2025, completing four major acquisitions — including global multi-asset broker Hidden Road, stablecoin payment platform Rail, treasury management system provider GTreasury, and digital asset custody and wallet company Palisade. These deals, totaling nearly $4 billion, are part of Ripple’s strategy to become a comprehensive digital asset infrastructure provider for enterprises.

As of November 2025, Ripple Payments had processed a total volume of over $95 billion. Ripple Prime — built through the acquisition of Hidden Road — recently expanded into mortgage lending and XRP products for institutions. Ripple’s dollar stablecoin, RLUSD, plays a central role in both business areas.

“The entire company strategy is to create products,” Long said. “The connections that traditional finance needs to make blockchain, crypto, and stablecoins — all tokenized assets — truly useful and applicable in the real world are within our reach.”