Hong Kong-based stablecoin funds firm RedotPay is reportedly weighing a US preliminary public providing (IPO) that might elevate greater than $1 billion and worth the corporate at over $4 billion.
The corporate is working with JPMorgan Chase, Goldman Sachs and Jefferies on a possible New York itemizing which will happen as early as this yr, Bloomberg reported on Tuesday, citing folks acquainted with the matter. Phrases stay beneath overview and will change, whereas extra banks might be a part of the underwriting group, per the report.
Based in April 2023, RedotPay supplies stablecoin-linked fee playing cards, multicurrency wallets and worldwide payout companies. Based on its website, the corporate has 6 million customers and handles about $10 billion in annualized fee quantity.
RedotPay declined to touch upon the matter.
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RedotPay raised $194 million in 2025
The US IPO plans comply with a yr of fundraising for RedotPay, which raised a complete of $194 million in 2025 throughout three rounds. In March, it closed a $40 million Sequence A funding spherical led by Lightspeed, with participation from HSG and Galaxy Ventures.
In September, the stablecoin fee firm stated it grew to become a fintech unicorn after closing a $47 million strategic spherical that noticed funding from Coinbase Ventures, alongside continued backing from Galaxy Ventures and Vertex Ventures and participation from an undisclosed international know-how entrepreneur.
It later closed a $107 million Sequence B in December. The spherical was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, in addition to continued help from HSG.
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Stablecoin sector attracts important funding
Stablecoin-focused firms drew important funding in 2025 as enterprise capital continued flowing into fee and infrastructure suppliers. In August, traders committed almost $100 million to the sector, together with a $40 million Sequence B for Switzerland-based M0 led by Polychain Capital and Ribbit Capital, and a $58 million elevate by US startup Rain to construct instruments enabling banks to concern regulated stablecoins.
Funding exercise continued by the yr. In October, Chicago-based Coinflow secured $25 million in a Sequence A led by Pantera Capital to increase cross-border settlement companies, whereas CMT Digital later launched a $136 million fund with allocations for stablecoin startups, together with Coinflow and Codex.
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