Multiple sources say Ripple is holding advanced internal discussions and bolstering governance, reporting and bank partnerships as preparatory steps for a potential IPO (targeted by some for 2026). Market ranking places Ripple around ninth among private crypto firms likeliest to go public with an estimated $50 billion valuation. Ripple executives (President Monica Long and CEO Brad Garlinghouse) deny any current IPO timeline, calling it a long-term consideration. Analysts point to regulatory clarity, audited disclosures and key hires as signals to watch amid broader crypto firms' moves toward public markets.

Facts: sources report advanced internal IPO discussions and steps to strengthen governance, reporting and bank partnerships; market data estimates a ~$50B private valuation. Counterbalance: company executives explicitly deny any current plan or timeline and describe an IPO as a long-term consideration, and reported timing points toward 2026—reducing immediate market-moving likelihood.