Catenaa, Wednesday, March 04, 2026– Hong Kong-based stablecoin payments firm RedotPay is exploring a US initial public offering that could raise more than $1 billion and value the company at over $4 billion.
The listing could take place in New York as soon as this year.
RedotPay is working with JPMorgan Chase, Goldman Sachs and Jefferies Financial Group on the potential offering. Details remain under discussion and could change.
The company raised $194 million in 2025, including a December Series B round that lifted it to unicorn status. Investors include Accel, Blockchain Capital, Goodwater Capital, HSG, Pantera Capital and Vertex Ventures.
As of November, RedotPay reported more than 6 million registered users.
The possible IPO comes as Hong Kong positions itself as a regulated hub for digital asset firms, even as mainland China maintains strict restrictions on cryptocurrency trading and mining.
Authorities in China have reiterated bans on offshore issuance of yuan-pegged stablecoins without approval and warned of risks tied to tokenization and cross-border stablecoin activity.
A US listing would grant RedotPay access to deeper capital markets as stablecoins expand beyond crypto trading into remittances, merchant settlement and cross-border transfers.
Industry data shows stablecoin supply nearing $300 billion, reflecting growing use as a digital payments tool.
