5 Ripple Facts that Are in the Spotlight: Canceled IPO, but got Rp8.3 trillion injection of funds!

Jakarta, Pintu News – While a number of crypto companies are racing towards the public markets, Ripple has chosen a different path. At the Swell conference in New York, Ripple President Monica Long emphasized that a Ripple IPO is officially off the agenda, even though the company’s valuation continues to climb and the user base continues to grow. This step is not due to lack of funds – on the contrary, Ripple has just received fresh funding worth USD 500 million or around IDR 8.3 trillion.

This decision immediately caught the attention of the global crypto community, especially after Ripple officially won a lawsuit from the SEC earlier this year.

1. Ripple Officially Canceled IPO, No Timeline or Plan

In an interview quoted by Cryptopolitan, Monica Long stated that Ripple has no plans or timeline for an IPO. She emphasized that the company prefers to focus on internal development and business expansion through private channels.

This move is in contrast to a number of big players in the crypto industry that have or will list on the stock exchange such as Circle, Bullish, Gemini, and Kraken. However, Ripple’s decision is prudent, especially amid market uncertainty due to the US government shutdown slowing down the IPO process.

Also Read: XRP’s Drastic Decline: Is It the Right Time to Buy?

2. Rp8.3 Trillion Fresh Funds from Wall Street Giant Investors

Ripple continues to show its financial strength. The company managed to raise USD 500 million (IDR 8.3 trillion) with a valuation of USD 40 billion (IDR 668.2 trillion). Major investors who participated in this round include Fortress Investment Group, Citadel Securities, Galaxy Digital, Pantera Capital, and Brevan Howard.

Ripple’s CEO, Brad Garlinghouse, said that this cash injection reflects Ripple’s “tremendous momentum” and validation of the market opportunities they are pursuing. With these funds, Ripple is able to continue building products and forging strategic partnerships-without needing to rely on the public markets.

3. Ripple users double amid stablecoin adoption

According to Monica Long, the number of Ripple customers doubled in just one quarter. This was due to increased adoption of stablecoin-based payments and clearer regulations in the United States and other countries.

This upgrade confirms Ripple’s position as a blockchain infrastructure provider for financial institutions looking to get into crypto without building their own technology from scratch.

4. SEC Lawsuit Officially Ends, XRP Attracts Attention Again

Ripple is gaining confidence after winning a long legal case against the SEC (Securities and Exchange Commission) which since 2020 has accused Ripple of selling unregistered securities through the XRP token. The suit was officially dismissed earlier this year, paving a new path for Ripple’s expansion.

The Ripple (XRP) token itself has recorded a rise of around 8% so far this year, driven by reduced legal uncertainty and user growth. XRP is back in the spotlight as one of the resilient altcoins amidst the tight crypto market.

5. IPO postponed because the market is not conducive, not because it is weak

Monica Long also revealed that the decision not to IPO was not related to financial constraints or lack of investor interest, but rather business strategy. On the other hand, some companies that are still desperate to IPO have received an unsatisfactory market response.

Especially with the ongoing US government shutdown – the largest in history – many IPOs have been delayed, including from companies like Medline and Wealthfront. Under these circumstances, Ripple’s strategy is considered more conservative but safe.

Also Read: Dogecoin’s Drastic Drop in Early November 2025: What Should Investors Know?

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Reference:

• Jai Hamid / Cryptopolitan. Ripple’s IPO is off the agenda for now, president Monica Long says. Accessed on November 7, 2025