Ripple Rules Out IPO, Keeps XRP and RLUSD at the Center of Its Strategy

Ripple board member Monica Long has confirmed that the crypto company is not currently planning an IPO. This is also accepted by major investors. Long sees XRP, alongside RLUSD, as central to Ripple’s strategy.

For years, there has been speculation about a Ripple IPO, and CEO Brad Garlinghouse seemed close to making such a decision in 2020. The crypto company is known for its altcoin XRP and last year accelerated its transformation into a financial services provider.

A $500 million funding round for Ripple in November 2025 rekindled the IPO plans. However, board member Monica Long clarified in a Bloomberg interview that Ripple will remain “private” for the foreseeable future and does not see its immediate future on the stock market.

Ripple made concessions to investors in its 2025 funding round

Long cited Ripple’s “very healthy financial position” as one reason for the deal, enabling it to finance its growth organically. This tactic is also accepted by major investors like Citadel Securities and Fortress Investment Group, who participated in the November funding round, which used a valuation of $40 billion as a baseline.

Long indirectly confirmed that Ripple had assured investors it would repurchase their shares at a guaranteed price under certain circumstances. Ultimately, however, Long concluded the deal was “very positive, very advantageous for Ripple.”

Ripple’s cryptocurrency XRP has had a mixed year in 2025. Skeptics see few use cases for XRP and, with Ripple’s stablecoin RLUSD, have faced internal competition for over a year now. Those in favor, however, point to XRP and RLUSD as a duo that forms the core of Ripple’s strategy to connect the traditional financial industry with blockchain, cryptocurrencies, and stablecoins.

Conclusion: Ripple remains a private company – is XRP a burden?

In the event of an IPO, Ripple would face the challenge of explaining how it accounts for the approximately 40 billion XRP, currently valued at over $80 billion, that it still controls. Observers believe this could be an argument for maintaining Ripple’s overall structure. XRP itself is holding its own remarkably well in a nervous crypto market, posting a 14 percent weekly gain and trading above $2.

However, the XRP ETFs , which debuted in mid-November, suffered a minor setback. For the first time since their launch, the XRP ETFs failed to attract any new capital yesterday, according to SoSo data. This ended the XRP ETFs’ streak of more than 30 trading days with continuous capital inflows, which now total $1.2 billion. Ripple welcomes the XRP ETFs as an expression of broad investor interest in the altcoin.

__

(Featured image by Alesia Kozik via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Block-Builders.de. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.