The post Uphold explores IPO and sale options appeared on BitcoinEthereumNews.com.

Uphold is considering going public or selling the company after starting a bold campaign to attract US users who support XRP. The company plans to give XRP rewards for direct salary deposits and launch a debit card linked to its brand. To help with these big decisions, Uphold has hired the investment bank FT Partners to look at both IPO and sale options to reach a more than $1.5 billion valuation. Uphold hires FT Partners to explore IPO and sale options Uphold CEO Simon McLoughlin said the company needs to choose between going public through a US stock market listing or selling the company to a larger financial institution like a bank, broker, or payments firm, so the board officially hired FT Partners to help. The company’s decision stems from investor interest after Circle’s successful IPO and a noticeable shift in how traditional finance views digital asset companies. McLoughlin said an IPO could give the company more visibility, help it raise money faster, and open doors to new international markets. He noted that Uphold has not yet made a final decision but wants to be ready to act if the market conditions remain favorable. He said the company wants to move early and position itself well for offers or investor demand because traditional financial firms are showing serious interest in acquiring platforms. Going public might also allow Uphold to buy other smaller fintech or crypto firms. Uphold expects to hit $300 million in revenue by 2025 after making around $80 million in 2022. The company believes strong growth data can support its target valuation of above $1.5 billion. McLoughlin said this kind of growth (almost four times in three years) proves that Uphold is one of the rare crypto-native platforms with consistent progress. He notes that this comes during a…

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Filed under: News - @ June 10, 2025 10:23 am