Hong Kong-based stablecoin payments company RedotPay is considering a U.S. IPO that could raise more than $1 billion and value the company at more than $4 billion, Bloomberg reported, as the crypto IPO market shows new momentum.
RedotPay joins the wave of cryptocurrency IPOs
The potential listing in New York, expected as early as this year with JPMorgan Chase, Goldman Sachs and Jefferies involved in the process, shows growing institutional interest in regulated digital asset activities.
Founded in April 2023, RedotPay offers stablecoin-based payment solutions, including multi-currency wallets, global payment services, and crypto payment cards. The company has grown rapidly, processing billions in annualized payment volumes and building a user base of more than 6 million across more than 100 markets.
It has raised a total of $194 million in 2025 through multiple funding rounds, reaching unicorn status ahead of its IPO plans.
RedotPay’s move comes amid a broader resurgence in crypto-related public offerings after a lull.
In 2025, stablecoin issuer Circle Internet Group completed a major IPO on the NYSE, raising approximately $1.1 billion and reaching a valuation near $6.9 billion, highlighting investor appetite for regulated stablecoin companies.
Similarly, crypto infrastructure company BitGo became the first digital asset company to list in 2026, raising more than $200 million and signaling that stock market interest in crypto infrastructure remains strong despite recent digital asset price turmoil.
Beyond direct IPOs, public markets have seen activity from special purpose acquisition companies affiliated with crypto platforms. A Kraken-backed SPAC recently completed a $345 million Nasdaq IPO to pursue digital asset deals, illustrating investors’ growing confidence in gaining exposure to crypto infrastructure through public equities.
As regulatory clarity and macroeconomic volatility continue to shape the landscape, RedotPay’s planned U.S. IPO highlights a trend of digital asset companies seeking traditional capital markets to support their global expansion and institutional credibility.