- RedotPay eyes $1B US IPO, targeting a $4B valuation for its stablecoin payments firm.
- JPMorgan, Goldman Sachs, and Jefferies plan to collaborate with RedotPay.
- Institutional investors are increasingly interested in regulated stablecoin businesses.
RedotPay, a Hong Kong-based stablecoin payments company, is reportedly considering launching an Initial Coin Offering (IPO) in the US. The proposed IPO targets over $1 billion, with the firm valued at $4 billion.
JPMorgan and Others to Partner With RedotPay
The report further stated that RedotPay plans to collaborate with JPMorgan Chase, Goldman Sachs, and Jefferies in a program set to unfold as soon as this year. This development highlights the growing interest among institutional participants in the regulated digital assets business.
For context, RedotPay was founded in 2023 as a company that offers stablecoin-powered payment solutions, including multicurrency wallets, global payout services, and cryptocurrency payment cards. Since its inception, the stablecoin company has processed billions of dollars in annualized payments, with a user base of more than 6 million people across over 100 markets, reflecting its rapid growth.
Institutional Firms Are Flooding into the Stablecoins Business
In 2025, RedotPay raised $194 million across multiple financing rounds. That process moved the firm into a unicorn status even before initiating the latest IPO plans. Notably, Circle Internet Group, a stablecoin issuer, completed a major IPO on the New York Stock Exchange in 2025, raising roughly $1.1 billion with a valuation of about $6.9 billion. Furthermore, crypto infrastructure firm BitGo became the first to list in 2026 after raising over $200 million, signaling strong interest from equity market participants despite ongoing bearish pressure in cryptocurrencies.
Public markets are also seeing increased activity from special-purpose acquisition companies (SPACs) affiliated with crypto platforms. One such company, backed by Kraken, recently completed a $345 million IPO on Nasdaq to pursue digital asset deals. These trends indicate rising institutional interest, likely supported by growing regulatory clarity in the digital assets sector.
Related: RedotPay Funding Adds to Surge in Crypto Venture Investment This Year
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Source: https://coinedition.com/hong-kong-based-redotpay-plans-1-billion-ipo-in-the-us/
