Ripple has officially shelved its plans for an Initial Public Offering, a move that contrasts sharply with other major crypto firms pushing to go public. Speaking at the Swell conference in New York, Ripple President Monica Long confirmed the company has no timeline or intention to pursue an IPO, choosing instead to focus on internal growth and private expansion.

This decision comes at a time of significant strength for the company. Ripple recently secured $500 million in fresh capital from prominent Wall Street investors, including Fortress Investment Group, Citadel Securities, Galaxy Digital, Pantera Capital, and Brevan Howard. The funding round, which brought Ripple’s valuation to $40 billion, signals strong market confidence in its long-term strategy.

A Strategic Decision in a Cautious Market

Long clarified that the choice to remain private is a strategic one, not a sign of weakness or a lack of investor interest. The company is deliberately avoiding an uncertain market where other IPOs have received a lukewarm reception. Lingering economic concerns, compounded by delays from events like the US government shutdown, have made the public markets less attractive. Ripple’s leadership believes a more conservative approach is safer and more effective for its current goals.

CEO Brad Garlinghouse stated that the cash injection reflects the company’s “tremendous momentum” and allows it to continue developing products and forging strategic partnerships without relying on public capital.

Growth Fueled by Legal Clarity and Adoption

Ripple’s confidence is also bolstered by its recent legal victory against the U.S. Securities and Exchange Commission (SEC). The lawsuit, which began in 2020 over allegations that Ripple sold XRP as an unregistered security, was dismissed earlier this year. The resolution removed a significant cloud of legal uncertainty that had loomed over the project.

This legal clarity, combined with growing demand for stablecoin-based payments, has had a tangible impact. According to Long, Ripple’s customer base doubled in just one quarter. The growth reinforces its role as a key infrastructure provider for financial institutions entering the crypto space. The XRP token has also benefited, posting an 8% price increase this year as market sentiment improves.