Ripple Rules Out IPO, Eyes Growth via Acquisitions

Key Takeaways
Ripple is currently not planning an initial public offering (IPO). Instead, the company is focusing on growth through strategic acquisitions. Its financial position is strong – Ripple holds billions in liquid assets. President Monica Long emphasizes the central role of XRP in the ecosystem and the company’s long-term focus on blockchain integration in the financial sector.
Ripple Focuses on Expansion Instead of IPO
In an interview with U.S. business network CNBC, Ripple President Monica Long stated that the company has no short-term plans for an IPO. The reason: Ripple has sufficient liquidity and currently sees no need to raise additional capital through the stock market.
With billions in cash on its balance sheet, Ripple is concentrating on targeted acquisitions. The goal is to accelerate growth by investing in strategically aligned companies.
Strong Financial Position as Foundation for Growth Strategy
Ripple has built a solid financial foundation over the past few years. Long emphasized that the company has “a lot of liquidity” – specifically, we’re talking about billions. These funds are to be used strategically to enter new markets and expand existing business areas.
Instead of relying on capital markets, Ripple is pursuing an organic growth strategy. This means focusing on internal development, partnerships, and acquisitions.
XRP Remains a Core Element of the Ripple Platform
Another key point of the interview was the role of XRP, the native cryptocurrency of the XRP Ledger. Long explained that XRP serves multiple functions: it is used for transaction fees (“gas fees”) and as a reserve currency within the network.
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The more use cases emerge on the XRP Ledger, the greater the demand for the token. As a result, XRP remains an integral part of Ripple’s infrastructure – especially in the area of cross-border payments.
Not New: Ripple Again Distances Itself from IPO
As early as 2022, Ripple CEO Brad Garlinghouse hinted that an IPO might be possible after resolving legal issues with the U.S. Securities and Exchange Commission (SEC). However, later that same year, he clarified that Ripple does not see the need for an IPO – a position the company maintains to this day.
The priority is on stability, growth, and the advancement of technology. An IPO would not currently add any additional value.
Global Focus and Technological Bridge Function
Ripple aims to build a bridge between traditional financial systems and blockchain technology. According to Long, it is unrealistic to expect banks to interact directly with blockchains. That’s why Ripple sees its role as enabling this connection – for example, through on-ramp and off-ramp solutions, which act as interfaces between fiat currencies (e.g., euros, U.S. dollars) and digital assets.
In countries like Japan, Ripple has already made progress. XRP is increasingly being integrated into payment systems there, strengthening the company’s international reach.
Our Assessment
Ripple demonstrates that an IPO is not a prerequisite for growth. With a strong liquidity base and a clear strategy, the company is pursuing sustainable expansion. The central role of XRP in payment processing and the focus on blockchain integration into existing financial systems underscore Ripple’s long-term vision.
For you as a crypto enthusiast or player in crypto casinos, this means: Ripple remains a relevant player in the blockchain sector – without relying on the capital market. You should keep an eye on developments around XRP, especially if you use or invest in this cryptocurrency.