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Ripple, after raising $500 million, announces: Not considering IPO for now, focusing on stablecoins and tokenized assets
【Crypto World】Ripple’s latest moves are quite interesting. The company’s CEO, Monica Loon, openly stated that there are no plans for an IPO in the near future, as the company’s financial situation is already very healthy and can fully drive growth through private funding rounds.
Speaking of financing, Ripple just completed a $500 million new round of funding in November last year, which pushed the company’s valuation to the $40 billion range. Major institutions like Fortress and Citadel participated, indicating a very strong backing.
This funding is mainly used in two areas—one is to integrate previously acquired businesses, including the rebranded Ripple Prime, the main brokerage platform; the other is to increase development efforts for stablecoins and tokenized assets. From this strategic layout, Ripple aims to make a heavier investment in the infrastructure of crypto finance.