Crypto News – Uphold Eyes $1.5B+ Valuation in Potential IPO or Strategic Sale

Crypto News – Uphold Could Go Public: What a $300M Revenue Forecast Means for Investors

Crypto News – Uphold is considering a potential initial public offering (IPO) or a strategic sale as it seeks to capitalize on rapid growth and expand its market presence, CEO Simon McLoughlin revealed in an interview with The Block. The company has appointed FT Partners to evaluate strategic options, including a possible Nasdaq listing or a merger with a financial or payments firm.

“We’re currently being courted by a number of banks, brokers, financial institutions and payment firms,” McLoughlin stated.

Uphold Revenue Soars, Eyes $300M by 2025

While McLoughlin did not disclose a valuation target, sources close to the matter indicate that Uphold is aiming for a valuation above $1.5 billion. The move comes as the company reports a sharp rise in revenue—from $80 million in 2022 to a projected $300 million in 2025—fueled by growing retail adoption, new enterprise partnerships, and expansion into banking collaborations, including one with a German bank.

Uphold’s Ripple Partnership and U.S. Market Push

The IPO talks also follow a high-profile campaign in Las Vegas, where Uphold unveiled XRP-focused products for the U.S. market. This includes a planned U.S. debit card offering XRP rewards and a yield-generating initiative with Flare Network to help users earn passive income on XRP holdings.

Uphold has become a key liquidity provider in the Ripple ecosystem since joining Ripple’s cross-border payments network in October 2023. The firm also made headlines in December 2024 as one of the first platforms to list Ripple’s stablecoin, RLUSD.

IPO Could Fuel M&A Strategy

McLoughlin emphasized that a potential IPO would align with Uphold’s long-term acquisition strategy, enabling the company to pursue mergers and expansion opportunities. As crypto markets mature and institutional interest grows, Uphold appears poised to solidify its role as a major player in the evolving digital asset landscape.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.