During a recent interview with Devin Ryan, Director of FinTech Research at JMP Securities, and Ripple CEO, Brad Garlinghouse. male Ripple owns more than $100 billion worth of XRP tokens.

“The total value of XRP we own now exceeds $100 billion,” he said.

It is believed that this should be taken into account when determining the company's valuation.

Ripple is trading on secondary private markets at a significant discount to net asset value, according to Garlinghouse.

In early 2024, Reuters reported that Ripple was valued at about $11 billion after buying back shares worth about $300 million. However, according to Garlinghouse, this forecast assessment is “very outdated.”

“I think it's safe to assume that $11 billion is very outdated at this point,” he said.

At the same time, Ripple's boss appears to have questioned the high premium offered by MicroStrategy to NAV. However, he also added that he is not “anti-MicroStrategy,” wishing the company “tremendous success.”

It will not be released to the public

There has been speculation about Ripple's potential initial public offering (IPO) for years. but, Garlinghouse She explained that the company did not prioritize going public because it did not make sense during the previous SEC administration.

“Ripple was in a position where we did not prioritize going public,” he said. As Garlinghouse points out, this didn't make sense in the previous SEC administration.

The wind has changed

Garlinghouse expects Ripple to continue to be the blockchain infrastructure company of choice for financial institutions.

He added that there is “tremendous demand” for the company’s incubation solutions.

Furthermore, there is also a lot of excitement surrounding the Ripple USD (RLUSD).

Now that Gensler, the SEC's anti-crypto chief, has left the agency, Ripple has seen increased demand over the past few weeks, which Garlinghouse says is "a little stressful."

like Reported by U. TodayThe vast majority of Ripple's current job offers are in the United States, which is a dramatic change from last year.

“I think we find ourselves in a really good place,” Garlinghouse added.