The reiteration of the fee firm‘s plans to not pursue a public providing adopted a $500 million fundraise in November, resulting in a $40 billion valuation for Ripple.
Ripple Labs president Monica Long has ruled out an IPO for the company, saying it was in a “really healthy position” without going public.
In a Tuesday interview with Bloomberg, Long addressed rumors that Ripple was planning to go public after the company reached a $40 billion valuation in November. The Ripple president said the company was focused on growth following the $500 million fundraise headed by Citadel Securities and Fortress Investment Group that led to its valuation.
“Currently, we still plan to remain private,” said Long, expanding on her comments in November after the fundraise. “Often the strategy driving an IPO is to get the access to the investors and the liquidity of the public markets […] We’re in a very wholesome place to proceed to fund and put money into our firm’s development with out going public.”
The feedback from Lengthy going into 2026 got here months after the US Securities and Trade Fee introduced it could wind down its enforcement actions in opposition to Ripple, fueling hypothesis about an IPO. Lengthy has repeatedly denied stories that Ripple was pursuing a public providing.
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On the time of writing, the value of XRP (XRP) was $2.20, having dropped by about 6% within the earlier 24 hours. The token is the fourth largest cryptocurrency by market capitalization.
OCC grants US financial institution belief approval for Ripple and others
In December, the US Workplace of the Comptroller of the Foreign money (OCC) conditionally accredited functions from Circle and Ripple for nationwide belief financial institution charters. BitGo, Constancy Digital Property and Paxos additionally acquired conditional approval to transform their current state-level belief corporations into federally chartered nationwide belief banks.
Ripple’s utility stated its constitution would “not be a stablecoin issuer” for its US dollar-pegged coin, Ripple USD (RLUSD), whereas the opposite corporations will present a wide range of digital asset custody companies to customers. Of the candidates, BitGo has introduced plans to go public, and Circle launched an IPO in Could.
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