Ripple President Monica Long says company will stay private despite $40 billion valuation

image

Source: CryptoNewsNet Original Title: Ripple President Monica Long says company will stay private despite $40 billion valuation Original Link:

Overview

Ripple President Monica Long reiterated that the company is under no pressure to go public following a $500 million raise that pushed its valuation up to $40 billion. A strong balance sheet and access to private capital remove the need for public-market liquidity.

IPO Plans

When asked whether Ripple would revisit its IPO stance given the involvement of large institutional investors and their expectations for returns, Long stated:

Currently, we still plan to remain private

Long confirmed that Ripple used the raised capital to acquire four companies in 2025, with the company now focused on integrating those businesses.

Between the strength of our balance sheet stands alone, which is really what we’ve been able to leverage to make these acquisitions alongside interest from strategics like Citadel and Fortress, we’re in a really healthy position to continue to fund and invest in our company’s growth without going public.

Diversification Strategy

Asked about diversification as much of Ripple’s value remains tied to XRP, Long said the company is prioritizing product development aimed at bridging traditional finance and digital assets.

Ripple’s focus on compliance, custody solutions, and regulated on- and off-ramps is designed to support real-world adoption by businesses and financial institutions.

You need a host of different components such as secure digital asset custody, compliant on and off ramps. A big part of our strategy has also been compliance first. So we’ve acquired a book of 70 plus licenses around the world to facilitate those flows for our customers. Bringing all of that together for our clients has been what we’re focused on.

Fundraising Terms

Long described Ripple’s fundraising terms as very positive and favorable for the company, noting that investors were drawn to the company’s digital asset infrastructure for financial institutions and the growth of stablecoin payments.

XRP-2.33%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)