Ripple has definitively ruled out a traditional Initial Public Offering (IPO) in favor of private growth. The company recently secured $500 million in funding from prominent institutional investors, enabling Ripple to focus on strategic expansion initiatives. Monica Long, Ripple’s President, confirmed this during the Swell conference in New York. The funds will fuel Ripple’s ambition to develop areas like crypto custody and prime brokerage services. Ripple’s extensive market involvement is evident through transactions exceeding $95 billion processed on its network.** This decision aligns with Ripple’s strategy of maintaining operational control and fostering partnerships with financial institutions. It also signifies a shift from the current industry trend, which has seen companies like Kraken prepare for public listings. The company’s commitment to private growth sets the stage for a potentially disruptive influence on the industry landscape.