Ripple, IPO Promotion Denied Officially…“Focus On Growth With Sufficient Liquidity, Unlisted”
Monica Long Ripple President (Source: Ripple)
Ripple drew a line regarding the rumors of an initial public offering (IPO) that recently emerged in the market. Ripple's IPO, which was one of the major issues in the cryptocurrency industry in 2025, seems to be settled with this remark.
Monica Long, president of Ripple, attended the 2025 Paris Blockchain Week held on the 9th, stating that Ripple currently has enough liquidity and does not need to pursue an IPO. He said, “If a company has liquidity constraints, an IPO can be a reasonable choice, but we are not like that right now,” and added, “We want to focus on business growth in an unlisted state.”
The rumors of Ripple's IPO have emerged along with various contexts. In particular, based on the company's ties with the Trump administration, it was revealed that Ripple expanded its workforce in the US and hired for IPO-related positions, adding weight to the possibility. In addition, as the long-standing lawsuit with the US Securities and Exchange Commission (SEC) was concluded, rumors that the IPO was imminent spread quickly in the market, but the president denied it directly this time.
Monica Long also emphasized that Ripple closely monitors the cryptocurrency regulatory environment in the US. He said, “The bills currently under discussion in Congress are quite advanced,” and “We have already seen examples where the cryptocurrency industry grew rapidly depending on the administration and legislation, and we will continue to conduct our business accordingly.”
Ripple is particularly focusing on expanding its business targeting banks and financial institutions. He said, “With the repeal of SAB 121, banks will be able to adopt cryptocurrencies more easily,” and added, “We will now start full-fledged business expansion in the US.”
SAB 121 was a regulation that required banks holding cryptocurrencies, even if they were customer assets, to reflect those assets on their balance sheets as liabilities, serving as one of the major obstacles to financial institutions accepting cryptocurrencies. The Trump administration recently officially repealed this guideline, which is being evaluated as a positive signal for the entire cryptocurrency industry.