Markets
February 24, 2026
Following the successful public market entries of major crypto players, Hong Kong-based crypto payment firm Redotpay is reportedly preparing for a massive $1 billion US IPO. The stablecoin payments company is receiving backing from Wall Street heavyweights, including JPMorgan Chase, Goldman Sachs, and Jefferies, on a New York listing that could take place as early as this year.
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How Redotpay IPO Plans And JPMorgan Backing Could Reshape Crypto Payments
Redotpay’s rise from a regional card provider to a global fintech contender shows an enviable growth trajectory. And with the calibre of financial advisors on board, this is set to be a high-profile IPO. Though not confirmed, it is said that other banks may also join the lineup later. But Redotpay also carries its own weight.
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The firm is said to have already achieved its unicorn status. Its rapid growth has been fueled by venture backing and fundraising momentum. In 2025 alone, the company reportedly raised about $194 million, which helped cement its unicorn status.
Seeking a $1 billion valuation on a global stage means it is preparing to transition from a disruptive fintech startup to a publicly traded powerhouse, which was obviously the next step. It is rumoured that the company may aim for a $4 billion valuation later. Redotpay has over 100 million Visa-accepting merchants globally, and this further reinforces its position to solve the liquidity friction that has long plagued the crypto sector.
The Wall Street Seal of Approval
If completed, the Redotpay IPO would join a growing list of crypto-sector public listings and filings. Backing from major banks signals deeper integration between traditional finance and blockchain-powered payments.
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And since the regulatory climate has shifted from enforcement to integration, Redotpay has done due diligence by obtaining licenses across multiple jurisdictions.
