Ripple has reaffirmed that it has no plans to pursue a public listing following a $500 million fundraising round in November that valued the company at $40 billion.
Ripple Labs president Monica Long said the company remains in a strong financial position without the need to access public markets. Speaking in an interview with Bloomberg on Tuesday, Long addressed renewed speculation about a potential IPO after Ripple’s latest valuation milestone.
Long said the company is focused on expanding its business following the capital raise, which was led by Citadel Securities and Fortress Investment Group. She emphasized that Ripple does not require the liquidity or investor access typically associated with an initial public offering.
“We still plan to remain private,” Long said, reiterating comments she first made in November. She added that Ripple is well-positioned to continue funding operations and investing in growth without going public.
Her remarks come as the company heads into 2026, months after the U.S. Securities and Exchange Commission said it would wind down its enforcement actions against Ripple—an announcement that had reignited IPO speculation. Long has repeatedly dismissed reports suggesting the company is preparing to list its shares.
At the time of reporting, XRP was trading at around $2.20, down roughly 6% over the previous 24 hours. The token remains the fourth-largest cryptocurrency by market capitalization.
In a separate regulatory development, the Office of the Comptroller of the Currency in December granted conditional approval to applications from Ripple and other crypto firms for national trust bank charters. Ripple said its proposed charter would not be used to issue a stablecoin for its U.S. dollar–pegged token, RLUSD, while other applicants plan to offer digital asset custody services. Some peers, including BitGo and Circle, have announced or completed IPO plans, highlighting Ripple’s contrasting decision to stay private.
