Ripple Confirms No IPO — Will Institutional Backing Replace Public Funding?

Sean Williams
Ripple (XRP)

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  • Ripple confirms no IPO plans despite strong growth.
  • Secures $500M from top institutional investors.
  • Doubles clients through RLUSD stablecoin adoption.

Ripple, the US blockchain firm behind XRP, has officially ruled out any plans for an initial public offering (IPO), following the resolution of its long-standing legal dispute with the Securities and Exchange Commission (SEC). Ripple president Monica Long confirmed the company has no timeline for going public, signaling the end of years of market speculation.

“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,” Long told Bloomberg. The announcement underscores Ripple’s confidence in its private growth strategy.

Strong Financial Position and Strategic Investment

Despite remaining private, Ripple has experienced significant growth. Estimates from market intelligence platform CB Insights suggest the company’s 2024 revenue reached $1.3 billion, fueled by wider adoption of Ripple USD (RLUSD) and growing global regulatory clarity. Ripple’s client base doubled last year, reflecting the growing popularity of its stablecoin and payment solutions.

In addition, Ripple recently secured $500 million from major institutional investors, including Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. This strategic investment follows a $1 billion tender offer, valuing Ripple at roughly $40 billion. Long highlighted that maintaining liquidity for shareholders and employees remains a top priority.

Also Read: Why Ripple’s Mastercard Deal Could Be a Game-Changer for XRP Investors

Ripple’s IPO Context

Ripple CEO Brad Garlinghouse had previously described an IPO as a “natural evolution” for the company. However, the SEC lawsuit, which began in 2020 and was resolved earlier this year, delayed those plans. While Ripple is choosing to remain private, other crypto firms such as Circle, Bullish, and Gemini have gone public in 2025, demonstrating continued appetite for crypto IPOs in the market.

Ripple’s decision to forgo an IPO signals a strategic focus on controlled growth, backed by strong institutional support. By prioritizing private funding and stablecoin adoption, Ripple continues to strengthen its position in the crypto ecosystem while avoiding the regulatory and market pressures of going public.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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