RedotPay, a Hong Kong-based stablecoin payments firm, is reportedly exploring the possibility of an initial public offering (IPO) in the United States with the aim of raising more than one billion US dollars.
According to sources familiar with the matter, as reported by Bloomberg, RedotPay is considering a US IPO that could potentially generate over USD 1 billion. The company is reportedly collaborating with JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group on this potential New York listing, which may occur as early as 2026.
Sources suggest that RedotPay might aim for a valuation of more than USD 4 billion. The details surrounding the deal size and final valuation remain subject to change, with additional banks possibly joining in the advisory capacity at a later date.
Funding History and Growth Trajectory
In 2025, RedotPay completed a Series B funding round that raised USD 194 million. This fundraising event was significant in the company’s journey, as it marked the point when RedotPay achieved unicorn status. The investors backing RedotPay include prominent names such as Accel, Blockchain Capital, Goodwater Capital, HSG, Pantera Capital, and Vertex Ventures. By November 2025, the platform had more than six million registered users.
Stablecoins and the IPO Landscape
RedotPay’s planned public offering is indicative of broader trends in the stablecoin and crypto payments sector. As regulatory clarity improves and consumer adoption grows, firms are increasingly looking at accessing capital markets through the US securities market. Hong Kong has established itself as a key hub for regulated digital asset activities, with its licensing framework for virtual asset service providers attracting various payment-focused companies.
An IPO in the United States would mark a strategic move for RedotPay, aligning with international capital markets and subjecting the company to the Securities and Exchange Commission’s (SEC) disclosure and compliance requirements. The stablecoin payments industry has seen a surge in institutional interest as both businesses and consumers seek more efficient cross-border payment solutions, often involving stablecoins—digital assets that are pegged to fiat currencies.
If the IPO proceeds at the anticipated valuation, it would represent a major entry for the crypto payments sector in recent years.
