Blockchain payments company Ripple has no immediate plans to follow the trend of digital asset companies going public. Recently interview At the company’s Swell conference in New York, Ripple CEO Monica Long said, “We don’t have a timeline for an IPO. There’s no plan, no timeline.”
Her comments highlight the company’s current priorities, which include expanding its payments business, launching dollar-pegged cryptocurrencies, often known as stablecoins, and forming new alliances, rather than pursuing an IPO.
IPO aspirations are still pending
These statements come shortly after Ripple’s announcement It was closed successfully A $500 million funding round earlier this week, achieving a $40 billion valuation. This funding round was led by prominent investors such as Fortress Investment Group and Citadel Securities, with contributions from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The huge support suggests that Ripple is not under financial pressure to raise public capital at the moment. Long stressed that the company remains “very well capitalized,” allowing it to fund “organic growth” and pursue acquisitions or partnerships without having to turn to the public markets.
The decision positions Ripple differently from its peers, including stablecoin issuer Circle (CRCL), Bullish (BLSH), and Gemini (GEMI), all of which recently went public in the US as part of a broader wave of digital asset listings.
For XRP holders, Ripple’s choice to delay its IPO presents mixed implications. On the one hand, the lack of a public listing in the near term may postpone hopes for a liquidity event that could boost XRP’s market visibility.
On the contrary, the recent funding round and customer base that was said to have doubled quarter-on-quarter reinforces confidence in Ripple’s growth trajectory and its stablecoin payment strategy.
Institutional trust in Ripple
Analysts suggests The $500 million raise at a $40 billion valuation reflects strong institutional confidence in Ripple’s long-term prospects. Combined with the growing reliance on the XRP Ledger (XRPL) for stablecoins and cross-border payments, this funding could help stabilize the price of XRP and pave the way for future highs, especially if Ripple continues to expand its presence in the enterprise sector.
Furthermore, Ripple’s focus on integrating stablecoins and progressing through regulatory frameworks appears to be paying off. Long noted that clearer regulations in the United States and internationally have “opened up the market,” leading to a significant increase in adoption.
Currently, XRP is trading within its short-term range, which was formed after ongoing corrections between $2 and $2.60. The altcoin is currently trading at $2.32 and has seen a 4.7% rebound over the past 24 hours, with a clear resistance wall at $2.69.
Featured image of DALL-E, chart from TradingView.com
The post Ripple President States No Current Plans For IPO: What It Means For XRP Prices first appeared on Investorempires.com.
