Hong Kong RedotPay considers going public in the US IPO! Planning to raise $1 billion, with a valuation of up to $4 billion

According to Bloomberg, Hong Kong-based stablecoin payment company RedotPay is considering an IPO in the United States, with an expected fundraising of over $1 billion and a target valuation of up to $4 billion.

Bloomberg quoted sources as saying that RedotPay is currently in close discussions with JPMorgan Chase, Goldman Sachs, and Jefferies regarding the IPO, and it could potentially go public in New York as early as this year. However, the discussions are still ongoing, and the fundraising amount and final valuation may change.

RedotPay experienced explosive growth in 2025, raising a total of $194 million throughout the year. The Series B funding round completed in December further established the company as a “unicorn.” RedotPay’s investors include Accel, Blockchain Capital, Goodwater Capital, HSG, Pantera Capital, and Vertex Ventures, a venture capital firm affiliated with Temasek Holdings in Singapore.

Despite the Hong Kong government actively promoting the development of the cryptocurrency industry, Chinese authorities have recently taken strict measures against stablecoins and real-world asset (RWA) tokenization, reaffirming a comprehensive ban on cryptocurrency trading and mining, and even prohibiting the issuance of stablecoins pegged to the renminbi without permission.