Ripple President On $500 Million Raise: No IPO, No Exchange, Bigger Plans

Ripple president Monica Long says the company’s latest $500 million equity raise is being put to work on integrating a run of acquisitions and expanding Ripple’s push into regulated stablecoin infrastructure.In an interview with Bloomberg Crypto on Jan. 6, Long addressed investor questions around the fundraising terms, Ripple’s plans for RLUSD under a new US regulatory regime, and whether the company is moving any closer to an IPO. What Ripple Is Really Doing With Its $500M War Chest The raise, done in the fourth quarter at a reported $40 billion valuation, brought in major names including Citadel and Fortress, alongside a number of crypto native funds. The deal reportedly allows investors to sell shares back to Ripple at a guaranteed price and return, plus preferential treatment in major events such as a sale or bankruptcy. Long did not dwell on the specific mechanics, but framed the structure as favorable for...

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