Hong Kong's Stablecoin Payment Firm RedotPay Aims for $1B New York IPO

February 24, 2026

2 min read

Hong Kong-based stablecoin payments firm RedotPay is preparing for a massive New York Initial Public Offering (IPO). According to a Bloomberg report, the firm is aiming to raise more than $1 billion for a US IPO. The planned IPO would value RedotPay at more than $4 billion.

RedotPay Aims for New York Listing

The company has reportedly engaged major investment banks, including JPMorgan, Goldman Sachs, and Jefferies, for a potential New York listing as early as this year. The discussions are at an early stage, and the final structure has yet to be determined.

Founded in Hong Kong, RedotPay reached unicorn status in September of last year. It raised $194 million in funding in 2025, including a Series B round completed in December. The firm says it now has more than 6 million registered users. Its investors include prominent crypto-focused funds such as Accel, Pantera Capital, and Blockchain Capital.

If completed, the deal would rank among the largest IPOs globally from Asia’s stablecoin sector, as regulators increasingly embrace digital tokens pegged to fiat currencies.

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