Blockchain payments company Ripple is using fresh capital from a major share sale to expand its business, while making it clear that it has no immediate plans to go public, company president Monica Long said,
Ripple raised about $500 million in November through a secondary share sale that valued the company at roughly $40 billion. The funding round brought in new high-profile investors, including Fortress and Citadel, alongside existing crypto-focused funds.
Funds Used for Growth and Acquisitions
In an interview with Bloomberg, Long said the company was pleased with the fundraising and described 2025 as a strong year for Ripple. She said the company completed four acquisitions last year and is now focused on integrating those businesses while continuing to grow its core operations.
Ripple’s strategy centers on building digital asset infrastructure for businesses and financial institutions, especially as stablecoin-based payments gained traction last year.
Why Ripple Accepted Special Deal Terms
The share sale included certain investor protections, such as buyback rights at agreed prices and preferred treatment in major events like a sale or bankruptcy. Long said the overall structure was still favorable for Ripple and reflected strong confidence from investors.
She said new backers were attracted by evidence that Ripple’s business model is working and by the company’s push to bring blockchain technology into real-world finance, including payments and capital markets.
Reducing Dependence on XRP
Ripple is closely associated with XRP, a large portion of whose perceived value is often linked to the company. Long said Ripple has been working to diversify beyond XRP by building a broader product ecosystem.
That includes secure digital asset custody, regulated on- and off-ramps, and a strong focus on compliance. Ripple has obtained more than 70 licenses globally, allowing it to support regulated crypto and payment flows for its clients.
No IPO Plans for Now
Despite bringing in major new investors, Long said Ripple plans to remain a private company. She said firms often pursue an initial public offering to gain access to capital and liquidity, but Ripple’s strong balance sheet and investor support mean it does not need to list shares publicly at this time.
She added that the company is well positioned to continue funding growth and acquisitions without going public, as Ripple also explores steps such as seeking limited banking charters in the United States.
