- Former Ripple engineer Matt Rosendin revealed that Ripple has little interest in pursuing an IPO, prioritizing privacy and control over public funding.
- Despite speculation, the company’s strong financial position makes going public unnecessary for now.
In a recent podcast interview with Ray Fuentes, former Ripple software engineer Matt Rosendin dropped a major revelation that could reshape expectations for the future of the fintech giant. According to Rosendin—now CEO of tokenization firm CapSign—Ripple may have little to no appetite for pursuing an Initial Public Offering (IPO), despite ongoing speculation.
While companies like Circle, Kraken, and Consensys are reportedly eyeing IPOs in 2025, Rosendin made it clear that Ripple isn’t eager to join the bandwagon. He emphasized that becoming a publicly traded company holds “no added incentive” for Ripple, which is already financially robust and thriving in the cross-border payments space.
The idea of going public often excites both retail and institutional investors, as it can open the door to increased transparency and potential capital influx. However, Rosendin suggested that Ripple’s leadership sees more value in remaining private. This sentiment echoes past comments from Ripple CEO Brad Garlinghouse, who ruled out a U.S.-based IPO last year amid regulatory uncertainty.
Also read: XRP Price Drops After $30B Surge — Is the Crypto Hype Fading in April 2025?
Interestingly, while Garlinghouse left the door open for a future IPO if the environment becomes more favorable, he stressed that the company’s financial stability makes such a move unnecessary at present.
So, what’s holding Ripple back? Beyond avoiding the hefty costs and bureaucratic hurdles of an IPO, staying private gives Ripple greater freedom and control. Public companies must disclose detailed financials and hit investor targets regularly—conditions Ripple may not be keen to adopt.
Additionally, while some XRP holders hope that a Ripple IPO could send XRP prices soaring, industry experts like Rosendin suggest that Ripple’s current trajectory may offer more long-term value without the pressures of Wall Street.
Ultimately, Ripple’s decision to sidestep the IPO route—for now—speaks volumes about its confidence in its current model. As the crypto industry continues to evolve, Ripple may be setting a precedent: you don’t have to go public to go big.
