Ripple leadership has once again confirmed the blockchain payments firm has no plans to go for an initial public offering (IPO), even as recent speculation suggested otherwise.
“Currently, we still plan to remain private,” Ripple President Monica Long told Bloomberg during an interview on Tuesday, adding that the company’s balance sheets are in a “healthy position” to fund its growth without having to go public to access liquidity.
During the final weeks of December 2025, Invezz reported findings from crypto researcher SMQKE that suggested Ripple was in late-stage talks for a 2026 IPO.
Many in the Ripple community speculated at the time that such a decision would reflect regulatory confidence rather than being driven by capital needs.
However, Long has reaffirmed that there’s no need for public market capital to fund the company’s expansion efforts.
“We’re in a really healthy position to continue to fund and invest in our company’s growth without going public,” Long said.
During a November 2025 interview with the same media house, Long had noted strong financial performance and revealed that Ripple’s customer base had doubled quarter over quarter, even though she did not disclose any revenue figures.
She attributed the growth to rising demand for stablecoin-powered payment rails and the regulatory clarity emerging across major markets like the United States, where government support has helped open new opportunities.
Long’s comments at the time followed Ripple’s $500 million strategic funding round led by funds managed by affiliates of Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The raise pushed Ripple’s valuation to $40 billion.
When asked about the specific terms of the fundraising during the recent interview, Long described them as “very positive, very favorable for Ripple.”
Ripple will remain focused on execution rather than pursuing a listing, Long noted.
2025 marked a year of growth for Ripple
Through 2025, Ripple has been on an aggressive acquisition spree and deployed nearly $4 billion in capital to fund its efforts.
Some of the major deals included the $1.25 billion acquisition of prime broker Hidden Road, which made Ripple the first crypto-native company to own a global multi-asset prime broker serving both digital assets and foreign exchange markets.
Subsequently, Ripple also acquired GTreasury, marking its foray into corporate treasury management.
Other acquisitions included stablecoin payments platform Rail in August and crypto custody firm Palisade later in the year.
Besides these deals, Ripple has also continued to expand the footprint of its stablecoin RLUSD, which is designed to play a key role across its payments, treasury, and credit infrastructure.
On the regulatory front, Ripple has recently secured conditional national bank charter approvals from the Office of the Comptroller of the Currency, which gives it direct access to the Federal Reserve’s payment infrastructure and removes the need to navigate separate state-level regulatory regimes.
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