Ripple Plans Potential $50 Billion IPO as JPMorgan Explores Crypto Offerings

Ripple Could Go Public in 2026

Ripple Labs, the company behind the XRP cryptocurrency, is reportedly in advanced internal discussions about a possible initial public offering in 2026 ^[2]. Analysts rank the crypto giant as one of the hottest IPO candidates, with an estimated valuation of nearly $50 billion ^[2].

According to Yahoo Finance, it would potentially be the ninth-largest IPO of the coming trading year ^[2]. The top two spots are held by Musk's space venture SpaceX and Sam Altman's software company, valued at $1.5 trillion and $830 billion respectively ^[2].

Preparations for a Possible IPO

Recently, Ripple has significantly strengthened its internal structure, including improved reporting and governance, which are typical steps before going public ^[2]. At the same time, the company has expanded its banking partnerships and payment services to generate more stable revenue ^[2].

An IPO would enable Ripple to raise fresh capital and strengthen its position in the crypto market ^[2]. A potential Ripple IPO could impact the crypto market and influence the development of XRP and other cryptocurrencies ^[2].

Previous Statements on the IPO

However, Ripple CEO Brad Garlinghouse stated last summer: "Most companies that go public do so to raise capital. But we didn't need to raise capital" ^[2]. Ripple President Monica Long also repeatedly dismissed the rumors, saying the company has "no plans and no timeline" for an IPO ^[2].

JPMorgan Explores Digital Assets

Parallel to Ripple's developments, U.S. banking giant JPMorgan is exploring a possible crypto offering for institutional clients, according to insiders ^[1]. This marks another step by one of the world's largest financial institutions toward digital assets ^[1].

BlackRock ETF and Strategy's Strategic Shift

BlackRock's Bitcoin ETF ranks among the most successful exchange-traded funds in 2025, attracting significant capital despite volatile markets ^[1]. Institutional investors in particular are using the ETF as a regulated gateway to Bitcoin ^[1].

Surprisingly, Strategy is temporarily forgoing further Bitcoin purchases and instead increasing its liquidity reserves ^[1]. The move is surprising, as the company has been known for its aggressive accumulation strategy until now ^[1].

The recent developments demonstrate how institutional adoption of cryptocurrencies continues, while established crypto companies simultaneously eye traditional capital markets.