Ripple Doubles Down: No IPO After $500M Funding Round, Monica Long Confirms

Another door closes. Ripple's leadership has slammed the brakes on public market ambitions—again—choosing instead to fuel its war chest with a massive private capital injection.

The Private Path Forward

Forget ringing the opening bell. The blockchain payments giant is taking a different route, securing a staggering half-billion dollars to accelerate its vision without the scrutiny and volatility of Wall Street. It's a bold bet on self-determination over public market pandering.

Capital on Its Own Terms

This move isn't about a lack of options; it's a declaration of independence. The $500 million raise provides runway and firepower to scale Ripple's global payments network, develop new enterprise solutions, and navigate the ongoing regulatory landscape—all while keeping the company's cards close to its chest. Who needs quarterly earnings calls when you have a vault full of private capital?

The Strategic Calculus

Opting out of an IPO signals a deep confidence in the underlying business model and a patient, long-game strategy. It bypasses the short-term theater of public markets, where stock prices often have more to do with hedge fund mood swings than actual technological progress. A cynical take? Maybe they've seen enough tech IPOs turn into glorified exit liquidity for early investors.

Ripple isn't just building a company; it's building a fortress. And with $500 million in new bricks, it seems perfectly content to keep drawing the blueprints behind closed doors.

TLDR

• Ripple raised $500M in late 2025 at a $40B valuation backed by Citadel and Fortress.

• Monica Long confirmed Ripple has no IPO plans and is funding growth privately.

• Ripple acquired four firms in 2025 to expand digital asset infrastructure.

• Ripple Payments processed over $95B in volume, centered on its RLUSD stablecoin.

Ripple President Monica Long has reaffirmed that the company does not plan to pursue an initial public offering, following a $500 million funding round in November 2025. The raise valued Ripple at $40 billion and included participation from major institutional investors such as Fortress Investment Group and affiliates of Citadel Securities.

In an interview with Bloomberg, Long stated, “Currently, we still plan to remain private,” emphasizing that Ripple does not require the additional capital access typically provided by public markets. She said the company’s financial position allows it to fund growth internally.

Ripple Growth Strategy Fueled by Private Capital and Acquisitions

Ripple completed four acquisitions in 2025 totaling nearly $4 billion. These include the multi-asset prime broker Hidden Road, stablecoin payments firm Rail, treasury platform GTreasury, and digital asset custody provider Palisade.

These deals support Ripple’s efforts to expand its presence as a provider of enterprise-grade digital asset infrastructure. Long confirmed that the raised funds were used directly to support these transactions.

She noted the strength of Ripple’s balance sheet as a key factor in its ability to stay private, adding that backing from strategic investors helped position the company for long-term growth without an IPO.

RLUSD Stablecoin at the Core of Ripple’s Business Lines

Ripple’s RLUSD stablecoin now sits at the center of the company’s growing product suite. According to internal data shared in late 2025, Ripple Payments had processed over $95 billion in transaction volume.

Ripple Prime, built around the Hidden Road acquisition, now supports collateralized lending and institutional XRP offerings.

Long said the focus is on delivering financial infrastructure that links traditional systems with digital asset rails. She described RLUSD as a key product that ties together Ripple’s payments, custody, and liquidity offerings.

Regulatory Compliance and Licensing Continue to Drive Adoption

Ripple has made regulatory compliance a Core part of its expansion strategy. Long stated that the company has acquired over 70 licenses globally to support its products and ensure secure, compliant operations for enterprise clients.

“You need a host of different components such as secure digital asset custody, compliant on and off ramps,” she said. “A big part of our strategy has also been compliance first.”

As Coincentral outlined, Ripple’s approach to stablecoin development, licensing, and infrastructure integration has aimed to meet institutional standards while expanding global access to tokenized financial services.