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- RedotPay is seeking a $4 billion valuation through a $1 billion New York IPO.
- The firm is supported by top-tier banks including Goldman Sachs and JPMorgan.
- New U.S. crypto regulations are driving a $20 billion surge in industry public listings.
The bridge between traditional finance and digital assets is widening, and Hong Kong-based RedotPay is the latest heavyweight looking to cross it. The stablecoin payment specialist is reportedly preparing for a massive initial public offering (IPO) in the United States, targeting a $1 billion capital raise. This move signals a significant maturation of the stablecoin sector as it shifts from a niche crypto tool to a mainstream financial utility.
A Pursuit of Global Valuation
RedotPay’s ambitions are not modest. Working with a powerhouse lineup of advisors—including JPMorgan Chase, Goldman Sachs, and Jefferies—the firm is eyeing a market valuation exceeding $4 billion. If the listing proceeds in New York later this year as expected, it would mark one of the most significant public debuts for a Hong Kong-linked fintech company in recent years.
The firm’s growth trajectory provides a solid foundation for these lofty goals. After reaching “unicorn” status in 2025 following a $194 million Series B round backed by Pantera Capital and Blockchain Capital, RedotPay has scaled rapidly. With over 6 million users across 100 markets and an annual payment volume surpassing $10 billion, the company is no longer just a startup; it is a high-volume payment processor generating more than $150 million in annualized revenue.
Navigating a Favorable Regulatory Shift
The timing of RedotPay’s filing isn’t accidental. The crypto IPO market is currently riding a massive wave of momentum that saw a $20 billion value spike in 2025. This surge is largely driven by a clearer legislative landscape in Washington. The pending crypto market structure bill in Congress has provided the “green light” many Wall Street institutions needed to invest in stablecoin infrastructure and yield-bearing products.
By listing in the U.S., RedotPay joins a growing cohort of digital asset firms—including Circle and Kraken—that are seeking the transparency and liquidity of public markets. This trend reflects a broader industry pivot: moving away from the “wild west” era of crypto toward a regulated, robust corporate structure that appeals to institutional investors.
Also Read: BYDFi Joins Solana Accelerate APAC at Consensus Hong Kong, Expanding Solana Ecosystem Engagement
The Future of Stablecoin Payments
RedotPay’s core value proposition lies in its ability to make stablecoins spendable in the real world. Its card and payout services allow for instant transactions, effectively turning digital dollars into a viable alternative to traditional fiat. As more firms like Robinhood pursue similar $1 billion IPO paths, the competition for dominance in the “crypto-as-payment” space is heating up.
While the final details of the offering are still being polished, one thing is clear: the influx of capital into the sector is transforming the industry. With 11 crypto IPOs already raising nearly $15 billion recently, the market is no longer just speculating on the future—it is funding it.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
