RedotPay Explores $1 Billion US Stock Market Debut With Valuation Exceeding $4 Billion: Sources
The Hong Kong payments company raised $194 million throughout 2025 via three separate funding rounds, achieving unicorn valuation and securing investments from leading cryptocurrency and venture capital firms.
A stablecoin payments company based in Hong Kong, RedotPay, is said to be considering an initial public offering in the United States that has the potential to generate upwards of $1 billion in capital while placing the firm's market value north of $4 billion.
According to a Bloomberg report published Tuesday that cited sources with knowledge of the situation, the firm has engaged JPMorgan Chase, Goldman Sachs and Jefferies to facilitate a prospective listing on the New York stock exchange that might take place before the year ends. The financial terms are still being evaluated and remain subject to modification, and the syndicate of underwriting banks could expand, according to the sources.
Established in April 2023, RedotPay offers payment cards connected to stablecoins, wallets supporting multiple currencies and cross-border payout solutions. The company's website indicates it serves 6 million users and processes approximately $10 billion in payment volume on an annualized basis.
When contacted for comment regarding the IPO plans, RedotPay chose not to provide a statement.
RedotPay secured $194 million throughout 2025
The potential US stock market listing comes on the heels of an active fundraising period for RedotPay, which successfully secured a combined total of $194 million during 2025 through three distinct financing rounds. The company completed a $40 million Series A financing round in March, with Lightspeed serving as the lead investor and contributions coming from HSG and Galaxy Ventures.
The stablecoin payment platform announced in September that it had achieved fintech unicorn status following the completion of a $47 million strategic funding round featuring an investment from Coinbase Ventures, while Galaxy Ventures and Vertex Ventures provided ongoing support and an unnamed global technology entrepreneur also participated.
Subsequently, the company secured $107 million in Series B funding during December. Goodwater Capital led this financing round, joined by Pantera Capital, Blockchain Capital and Circle Ventures, along with additional backing from HSG.
Significant capital flows into stablecoin industry
Companies specializing in stablecoins attracted substantial investment throughout 2025 as venture capital funding persistently flowed toward payment solutions and infrastructure service providers. During August alone, investors allocated close to $100 million to the stablecoin sector, which included a $40 million Series B investment for Switzerland-domiciled M0 that was spearheaded by Polychain Capital and Ribbit Capital, alongside a $58 million capital raise by American startup Rain for developing technology that enables banking institutions to create regulated stablecoins.
Investment momentum persisted throughout the remainder of the year. During October, Coinflow, headquartered in Chicago, successfully raised $25 million in Series A financing with Pantera Capital taking the lead, directing the proceeds toward expanding its cross-border payment settlement capabilities, while CMT Digital subsequently introduced a $136 million investment fund with designated allocations for emerging stablecoin companies, among them Coinflow and Codex.