- Ripple states there is no plan for a public listing, relying on existing funds and private control.
- Company expanding customer base and stablecoin usage driven by clearer regulations and institutional ties.
Ripple has no intention of joining other digital asset firms heading toward public listings. The company’s president, Monica Long, made it clear during an interview with Bloomberg at the Swell conference that Ripple has no initial public offering on its agenda. She stated,
We do not have an IPO timeline. No plan, no timeline.
Long explained that Ripple’s financial independence allows it to operate without the need for external fundraising. She said Ripple is “in a fortunate position” to fund all business activities, including organic growth, acquisitions, and strategic partnerships. Long said,
We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do.
According to CNF, Ripple has recently secured $500 million in new funding, led by Fortress Investment Group, Citadel Securities, and Pantera Capital. Other participants included Galaxy Digital, Brevan Howard, and Marshall Wace. With this funding, the company’s valuation has reached around $40 billion, showing strong confidence from major investors.
Ripple User Base Doubles Amid Stablecoin Rise
The president added that Ripple has doubled its user base quarter over quarter. She said this growth came from rising use of stablecoins and clearer rules across various regions, which strengthened its position in the global payments sector.
Ripple’s RLUSD stablecoin was introduced last year and surpassed $1 billion in market capitalization within months. The company attributes this milestone to new institutional partnerships and integration into real-world financial systems.
As reported by CNF, the company started a pilot program with Mastercard, WebBank, and Gemini to test RLUSD for credit card settlement on a public blockchain. The trial uses RLUSD as the settlement asset between parties instead of traditional payment rails.
By focusing on transaction speed and transparency, the company aims to demonstrate blockchain’s utility in everyday payments, not just for speculative trading.
Ripple Targets Growth over IPO Plans
Earlier this month, Ripple acquired digital asset custody provider Palisade to strengthen offerings for large clients. Palisade brings secure multiparty computation and multichain support under one system. The firm aims to deliver digital asset management in one place while raising reliability and safety for enterprise-level operations.
Ripple continues to pursue growth through targeted purchases instead of an IPO. Leaders prefer to keep the company private to maintain greater flexibility in decision-making and long-term strategy. Meanwhile, firms like Circle, Bullish, Gemini, and Figure Technology have gone public this year.
However, Long maintained that the firm’s current approach allows it to support customer expansion and stablecoin settlement growth without making structural adjustments tied to public markets. The company’s near-term path remains centered on scaling stablecoin usage and strengthening its institutional framework rather than pursuing a listing on a stock exchange.
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