Hong Kong-based stablecoin payments firm RedotPay plans US$1b US listing: Bloomberg

Hong Kong-based stablecoin payments firm RedotPay is considering a US listing to raise up to US$1 billion (HK$7.8 billion), according to Bloomberg, citing people familiar with the matter.

The company has been working with JPMorgan Chase, Goldman Sachs, and Jefferies Financial on the listing, which is expected to take place in New York as early as this year, the report said, adding that other banks may join the lineup later.

The source noted that considerations are still ongoing, and other details like size and valuation may change.

Based on the initial fundraising scale target of over US$1 billion, the total valuation of RedotPay is expected to surpass US$4 billion upon listing.

The cryptocurrency payment provider previously raised US$194 million in 2025, which included a Series B round in December, and said it achieved unicorn status. By November last year, the company had surpassed 6 million registered users.