Hong Kong-based crypto payments company RedotPay is considering submitting a confidential U.S. initial public offering regulatory filing by the end of 2026.

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RedotPay raised $194 million in 2025 equity funding, with backing from investors including Goodwater Capital, Pantera Capital, Blockchain Capital, and investment arms of Coinbase and Circle.

Predicate CEO Nikhil Raghuveera stated that Predicate helps digital asset issuers enforce compliance rules when assets trade outside internal systems.

Investment banks JPMorgan Chase, Goldman Sachs, Jefferies, and Barclays are advising RedotPay on its proposed U.S. initial public offering.

RedotPay recorded revenue growth of more than 50% for the first three quarters of 2026 compared to the same period in 2025, alongside operating profit margins exceeding 50%.

Founded in 2023, RedotPay serves over 9 million customers and employs approximately 280 people worldwide while issuing physical and virtual cards for stablecoin transactions.

RedotPay has not publicly finalized or announced a listing venue, share price, offering size, or target trading date for its proposed U.S. initial public offering.

RedotPay is discussing a pre-IPO funding round with investors that would value the cryptocurrency payment company between $4 billion and $5 billion.

Paymentscan data showed RedotPay ranked first among 30 tracked stablecoin payment card programs in October 2026, generating $410.5 million in monthly spending volume.

RedotPay denied Binance's allegations of misusing confidential information and stated in August 2026 that the ongoing litigation would not disrupt its operations or public listing preparations.