Ripple is dialing down expectations of a near-termWall Street debut as it leans on a fresh war chest and a burst of deal-makingto drive its next phase of growth. The company signals that it prefers to build out abroader enterprise crypto platform behind closed doors rather than submit tothe scrutiny and short-term pressure of public markets.Ripple Pushes Back on IPO RouteRipple President Monica Long said the company has nocurrent plans to pursue an initial public offering and intends to remainprivate. She framed the decision as a strategic choice, arguing that Rippledoes not need the liquidity or investor access that a listing would providebecause its finances already support expansion.The comments follow a $500 million fundraising thatRipple closed in November 2025 at a reported $40 billion valuation. FortressInvestment Group, Citadel Securities and several crypto-focused funds took partin the round, showing that large institutions still see room for upside inRipple’s private-market story.Long described the structure of the deal as “verypositive, very favorable for Ripple” when asked about investor protections. Thepackage reportedly included rights for investors to sell shares back to thecompany at a guaranteed price and return, along with preferential treatment inscenarios such as bankruptcy or a sale.Investor Protections Draw ScrutinyLong did not say whether those protections werecrucial to securing heavyweight backers at the $40 billion price. That omissionleaves open how much risk investors were willing to take without contractualdownside cover and how that balance shaped the final valuation.Such terms, which can include put rights andliquidation preferences, typically insulate investors from extreme outcomes andcan influence future capital-raising options. In Ripple’s case, the companyportrays the round as aligning its interests with those of new shareholderswhile keeping room to execute its private playbook.2025 Deals Reshape the BusinessRipple used 2025 to overhaul its footprint with astring of acquisitions totaling nearly $4 billion. The company bought globalmulti-asset prime broker Hidden Road, stablecoin payments platform Rail,treasury management system provider GTreasury and digital asset wallet andcustody firm Palisade.These purchases aim to turn Ripple into a broadsupplier of enterprise digital asset infrastructure rather than asingle-product company. As of last November, Ripple Payments had processedmore than $95 billion in cumulative volume, underlining the scale of itscross-border and enterprise flows. Ripple Prime, which builds on the Hidden Roadacquisition, has started to offer collateralized lending and institutional XRPproducts as it targets more sophisticated trading clients.This article was written by Jared Kirui at www.financemagnates.com.