Ripple Rules Out IPO As $500M Funding Backs Growth And Acquisitions

TLDR

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Ripple raised $500M in November 2025 at a $40B valuation from major investors.
Ripple acquired four firms in 2025 totaling $4B to expand infrastructure.
Ripple Payments processed over $95B in transaction volume by late 2025.
Ripple confirmed it has no IPO plans, citing a strong balance sheet.

Ripple has confirmed it will not pursue an initial public offering, with President Monica Long citing strong financials and ongoing growth plans. The company recently secured $500 million in private funding and completed four major acquisitions as it builds a full-service digital asset infrastructure.

Continued Focus on Private Growth

Ripple has confirmed it does not plan to go public, despite increasing its market presence and expanding operations. President Monica Long stated in a recent Bloomberg interview that the company prefers to stay private and continue scaling through internal resources and strategic investments.

“Currently, we still plan to remain private,” Long said. She explained that many companies seek an IPO for access to liquidity and public investors, but Ripple has the resources to continue its operations and growth strategy without needing to go public.

Ripple reaffirms no IPO plans, citing strong balance sheet and growth focus: Bloomberg pic.twitter.com/yMBRmlnb9k
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Long’s statement followed Ripple’s $500 million funding round in November 2025. The raise, led by Fortress Investment Group and Citadel Securities, valued the company at $40 billion. She described the investment structure as “very positive, very favorable for Ripple,” though did not comment on whether special terms were required to attract top-tier investors.

Acquisitions Signal Broader Infrastructure Plans

In 2025, Ripple completed four major acquisitions, spending nearly $4 billion to expand its service offerings. The acquired companies include Hidden Road, Rail, GTreasury, and Palisade. These deals are part of Ripple’s strategy to become a full-stack provider for digital asset infrastructure.

Hidden Road is a multi-asset prime broker, which has strengthened Ripple’s institutional service division, Ripple Prime. Rail adds stablecoin payment capabilities, GTreasury enhances treasury management tools, and Palisade supports custody and wallet services.

Through these acquisitions, Ripple aims to provide end-to-end financial solutions built on blockchain technology. These new businesses are also integrated into Ripple’s existing platforms, supporting its long-term growth model.

Payment Volume and Product Expansion

Ripple Payments, the company’s flagship product, processed more than $95 billion in transaction volume as of November 2025. This growth reflects its wider adoption among institutional and business clients.

Ripple Prime has expanded further, now offering collateralized lending and institutional-grade XRP-based products. These developments are built on the infrastructure gained through the Hidden Road acquisition.

Central to both Ripple Payments and Ripple Prime is RLUSD, the company’s stablecoin. RLUSD is used across multiple services, allowing clients to transact efficiently within the Ripple ecosystem.

Financial Position Supports Private Strategy

Monica Long emphasized Ripple’s strong financial standing, stating that the company can fund its growth internally. This removes the pressure to access public markets, which companies often rely on to raise capital.

The recent funding round has given Ripple added flexibility. Long said the company has sufficient resources to continue acquiring, building, and scaling new financial products without seeking additional public funds.

Ripple continues to focus on infrastructure, with its product roadmap centered around making digital assets and tokenized tools usable in traditional finance settings.