Hong Kong-based stablecoin payment provider RedotPay is reportedly seeking up to $150 million in new funding as it prepares for a high-stakes U.S. initial public offering. According to sources familiar with the matter, the company is aiming for a valuation exceeding $4 billion. This potential capital injection follows a successful 2025, during which the firm achieved unicorn status after raising $194 million from heavyweights such as Coinbase Ventures, Circle Ventures, and Blockchain Capital, The Block said in a report.
Despite the ambitious fundraising goals, RedotPay maintains that it is not currently facing liquidity issues. A company spokesperson noted that the firm enjoys strong cash flow and remains open to strategic investors rather than just capital. The company’s growth metrics support this confidence; RedotPay reported that its annualized total payment volume surpassed $10 billion in December 2025, marking a staggering 300% year-over-year increase as it bridges the gap between digital assets and traditional payment networks.
However, the path to a U.S. listing is complicated by internal volatility and leadership gaps. Reports indicate that at least five senior executives have departed the company in less than a year, with frequent turnover in compliance roles. Most notably, RedotPay is currently pursuing its IPO without a Chief Financial Officer. The company has characterized these departures as a natural evolution of its organizational structure as it transitions from a startup to a global player.
