Key Takeaways
- Ripple sees no rush for an IPO despite a massive $40 billion valuation.
- Monica Long emphasizes a strong balance sheet and backing from major strategic investors such as Citadel and Fortress.
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Ripple President Monica Long reiterated that the company is under no pressure to go public following a $500 million raise that pushed its valuation up to $40 billion.
Speaking on Bloomberg Crypto this week, Long said a strong balance sheet and access to private capital remove the need for public-market liquidity.
“Currently, we still plan to remain private,” Long said when asked whether Ripple would revisit its IPO stance given the involvement of large institutional investors and their expectations for returns.
Long confirmed that Ripple used the raised capital to acquire four companies in 2025. The company is now focused on integrating those businesses.
“Between the strength of our balance sheet stands alone, which is really what we’ve been able to leverage to make these acquisitions alongside interest from strategics like Citadel and Fortress, we’re in a really healthy position to continue to fund and invest in our company’s growth without going public,” she added.
Asked about diversification as much of Ripple’s value remains tied to XRP, Long said the company is prioritizing product development aimed at bridging traditional finance and digital assets.
She said Ripple’s focus on compliance, custody solutions, and regulated on- and off-ramps is designed to support real-world adoption by businesses and financial institutions.
“You need a host of different components such as secure digital asset custody, compliant on and off ramps,” Long said. “A big part of our strategy has also been compliance first. So we’ve acquired a book of 70 plus licenses around the world to facilitate those flows for our customers…Bringing all of that together for our clients has been what we’re focused on.”
Long described Ripple’s fundraising terms as “very, very positive, very favorable for Ripple,” noting that investors were drawn to the company’s digital asset infrastructure for financial institutions and the growth of stablecoin payments.
