According to sources familiar with the matter, blockchain payment company Ripple has launched a share buyback program of up to $750 million, valuing the company at approximately $50 billion. The buyback will be conducted through a tender offer, allowing investors and employees to sell their shares back to the company. The program is expected to continue until April of this year. Bloomberg first reported this news. This buyback program comes shortly after Ripple attempted to buy back $1 billion worth of shares at a $40 billion valuation last October. At that time, participation was relatively limited due to some private shareholders' reluctance to sell. Ripple's most recent funding round was in November of last year, when the company completed a $500 million strategic funding round, also valuing the company at $40 billion. This round was led by Fortress Investment Group and funds related to Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, among others. Earlier this year, Ripple President Monica Long stated that the company currently has no plans for an IPO and emphasized that Ripple's financial situation is sound, preferring to continue expanding through mergers and acquisitions and product development.