Uphold is exploring a potential IPO or sale, aiming for a valuation above $1.5 billion. To guide the process, the crypto platform has hired investment bank FT Partners to assess both options, as investor appetite for digital asset companies rebounds following Circle’s successful market debut.
CEO Simon McLoughlin says the choice is between a US stock market listing or a sale to a larger financial player such as a bank, broker, or payments firm. An IPO could boost visibility, accelerate fundraising, and support global expansion, while also positioning Uphold to acquire smaller fintech or crypto firms.
The timing is no coincidence. Uphold expects revenue to reach $300 million by 2025, up from $80 million in 2022, a growth trajectory McLoughlin says sets the company apart in a tough market.
Alongside these plans, Uphold has launched an aggressive US campaign targeting XRP supporters. The initiative includes 4% XRP rewards on salary deposits, a forthcoming debit card linked to crypto balances, expanded XRP staking via Flare, and integration of RLUSD, a new XRP Ledger-based stablecoin. Together, these moves aim to turn Uphold into a primary financial platform for XRP-focused users — and strengthen its appeal to investors or potential buyers.
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