Hong Kong Stablecoin Firm RedotPay Plans US Listing

Hong Kong stablecoin firm RedotPay considers a major US IPO, seeking over $1 billion, signaling rising Wall Street support for stablecoin payment infrastructure growth.

Hong Kong-based RedotPay is preparing for a significant United States market debut. According to Bloomberg, the stablecoin payments firm is considering a massive IPO. Consequently, the proposed listing can affect confidence in crypto-linked financial infrastructure.

RedotPay Explores Major IPO Backed by Wall Street Banks

RedotPay is considering an initial public offering in New York. In addition, the company would be able to raise over $1 billion from investors. In addition, initial discussions have placed the valuation of the firm at over $4 billion.

Reports stated RedotPay has hired the best financial institutions for advisory functions. These include JPMorgan Chase & Co., Goldman Sachs Group Inc. and Jefferies Financial Group Inc. Therefore, traditional finance participation is an indicator of better institutional fit with digital asset ventures.

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The development is a reflection of the change in attitude towards stablecoin-based payment companies. Previously, many banks were wary of coming close to crypto projects because of regulatory uncertainty. However, participating in RedotPay’s IPO would imply an increase in the acceptance of blockchain-based financial infrastructure.

RedotPay was launched in April 2023 and quickly grew operations around the world. Moreover, the company is focused on the stablecoin-linked payment cards and multicurrency wallets. In the process, it positioned itself in the fast-growing field of digital payments.

Rapid Growth and Funding Strengthen RedotPay’s Market Position

As of late 2025, RedotPay has more than 6 million registered users in the world. Furthermore, the platform worked in over 100 international markets. Therefore, growing adoption was supportive of high transaction growth and revenue expectations.

According to Bloomberg sources, RedotPay has an annualized payment volume of almost $10 billion. Additionally, transaction activity reportedly tripled during 2025 with the growing usage of stablecoins. As a result, the firm became a “unicorn” in September 2025, in evidence of accelerating valuation growth.

Funding data showed RedotPay was able to raise a total of $194 million during 2025. Moreover, the largest round was $107m in Series B in December. Key investors included Accel, Pantera Capital, Blockchain Capital, Circle Ventures, Coinbase Ventures, and Galaxy Ventures.

The IPO plan comes as the adoption of stablecoins continues expanding at a rapid pace globally. Furthermore, institutions increasingly explore blockchain payment rails in an effort to do so efficiently and quickly. Therefore, the listing of RedotPay could act as a standard for crypto-focused payment companies alike.

Hong Kong’s regulatory environment also helps to provide favorable industry momentum. Authorities recently moved towards licensing frameworks for stablecoin issuers and operators. Consequently, RedotPay experiences better compliance routes in approaching international expansion strategies.

Moreover, the offering may show wider acceptance of crypto-linked payments infrastructure companies. Therefore, RedotPay’s entrance into the market may influence funding conditions for start-up fintech companies.

Overall, RedotPay’s potential New York listing signals the shifting nature of relationships between crypto and traditional finance. Furthermore, the involvement of Wall Street banks highlights institutional interest in stablecoin payment ecosystems. Consequently, the IPO could be another milestone in the integration of the digital asset markets.

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