Ripple Secures $500M Investment Despite Ruling Out IPO Plans

Ripple just raised $500 million from major institutional investors, but there’s a twist—the company won’t be going public anytime soon.

This announcement comes after years of speculation about a potential initial public offering, especially following Ripple’s legal victory against the SEC earlier this year.

The funding round attracted heavy hitters including Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. This investment values Ripple at $40 billion and follows a $1 billion tender offer that let shareholders and employees cash out some of their holdings.

Recapping a WHIRLWIND of announcements at Swell:

1/ Huge corporate news with today’s $500 investment in Ripple from Fortress, Citadel, Pantera, Galaxy, Brevan Howard and Marshall Wace – clear validation of how far we’ve come, and our strategy moving forward…

— Monica Long (@MonicaLongSF) November 5, 2025

Ripple president Monica Long made it clear that there are no IPO plans or timelines on the table. She explained that the company is financially strong enough to fund its growth without needing to go public.

“We’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,” Long told Bloomberg.

Strong Growth Fuels Confidence in Ripple

The decision makes sense when you look at Ripple’s recent performance. The company doubled its customer base in 2024, driven largely by adoption of its RLUSD stablecoin and clearer regulations worldwide.

While Ripple doesn’t publicly report revenue as a private company, market intelligence platform CBI Insights estimates it hit $1.3 billion in 2024.

RLUSD crossed the $1 billion market cap milestone less than a year after launch, becoming one of the top 10 USD-backed stablecoins.

4/ RLUSD crossed the $1B market cap mark…the first of many big milestones to come! https://t.co/FJi0IKB2jd

— Monica Long (@MonicaLongSF) November 5, 2025

Major institutions like BlackRock and VanEck are reportedly exploring tokenization of money market funds on the XRP Ledger through a firm called Scrutinize, using RLUSD for on-chain redemptions.

Ripple has also been quietly building institutional infrastructure through strategic acquisitions.

G-Treasury connects Ripple to thousands of banks and corporate networks globally. Hidden Road, rebranded as Ripple Prime, serves as a prime brokerage platform for institutional clients and plans to settle trades on the XRP Ledger.

What This Means for XRP

While other crypto companies like Circle, Bullish, and Gemini have gone public in 2025, Ripple is taking a different path.

The company has bought back over 25% of its outstanding shares in recent years, suggesting it prefers to reward existing stakeholders rather than dilute ownership through a public listing.