Ripple is maintaining its private status despite rising investor interest and a valuation that places it among the most valuable companies in the crypto sector.
The blockchain firm behind XRP has no immediate plans to pursue a public listing. Its leadership says current financial strength removes the need to access public markets.
Ripple President Monica Long shared the news during an interview with Bloomberg Crypto on January 6. She said the company can fund growth internally while continuing to invest in products and expansion.
Ripple funding round lifts valuation to $40 billion
The company raised $500 million in a funding round completed in November 2025. That round valued Ripple at approximately $40 billion and provided additional balance sheet flexibility.
Long described the fundraising outcome as positive and sufficient for near-term plans. She said avoiding public market pressure allows management to focus on long-term execution.
The valuation marks a sharp increase from earlier benchmarks in 2025. A share buyback earlier in the year implied a valuation of about $11.3 billion.
Several large financial and crypto-focused investors participated in the funding round. These included Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Instead of preparing for an IPO, Ripple spent much of 2025 on acquisitions. The largest deal was the $1.25 billion purchase of prime broker Hidden Road.
The acquisition made Ripple the first crypto firm to fully own a global broker. Hidden Road provides trading, financing, and clearing services across digital assets and traditional currencies.
Ripple also acquired GTreasury for $1 billion and payments firm Rail for $200 million. Long said GTreasury’s tools help finance teams deploy unused capital and move funds instantly across borders.
The plan, according to Ripple CEO Brad Garlinghouse, focuses on capital efficiency for corporate customers. He asserted that the goal is to utilize funds that would otherwise remain unused.
Ripple moves toward integration-led growth
In 2025, Ripple would later acquire a digital asset custodian, Palisade. The acquisition enhanced the institutional services of Ripple.
In the Swell conference at Ripple, Garlinghouse stated that a slowdown would occur in the acquisition activity in 2026. The company will target the integration and scaling of existing businesses.
GTreasury has already started such integration-led growth. The subsidiary has made its initial add-on acquisition through buying Solvexia.
The strategy of ripple is different as compared to companies seeking to be publicly listed. HashKey Holdings went through an IPO in Hong Kong in December 2025, and Clear Street is on its way to a US listing.
As of now, Ripple is using private capital and internal resources. The company is focusing more on the control of operations rather than exposure in the open market.