Hong Kong-headquartered stablecoin payment enterprise RedotPay has finalized a financial audit, marking a necessary milestone toward a United States initial public offering as it continues driving forward with its listing strategy, according to a press release issued on Monday.
The enterprise also finished a distinct evaluation centered on its anti-money-laundering and counter-terrorist-financing protocols. Both assessments were executed by Big Four auditing companies, which RedotPay chose not to disclose. A U.S. IPO prospectus mandates the inclusion of audited financial statements, whereas the compliance assessment represents a separate component of the organization’s preparation work.
RedotPay permits users to store stablecoins via a mobile application, spend those assets utilizing an integrated Visa card, and execute cross-border transfers. The company reported having 8.5 million users as of July.
“We conducted these audits to cultivate trust and certainty in our corporate financial reporting and regulatory standards,” remarked Michael Gao, Chief Executive Officer and co-founder of RedotPay, within statements provided via email. “They additionally serve as a core element of our progression toward transitioning the enterprise into a publicly traded entity.”
These remarks deliver the organization’s most definitive statement regarding its public offering roadmap following an August report from Bloomberg indicating that RedotPay had postponed a U.S. market debut while working through regulatory approvals and legal challenges. That prior report suggested a listing might occur throughout 2027 or later rather than transpiring within the current year.
“There has been no postponement of our public offering,” a RedotPay representative communicated to CoinDesk in written statements. “We remain actively engaged with our strategic collaborators concerning the IPO procedure.” The company did not disclose a specific timeline for the listing.
RedotPay is currently aiming for a corporate valuation exceeding $5 billion, based on statements from an individual close to the situation. Transaction volumes hit an all-time high during the second quarter, and the enterprise’s operating margin surpassed 50%, the source further noted, while withholding the underlying monetary figures.
The stablecoin firm’s progression toward a public listing arrives as several alternative cryptocurrency entities have postponed their own IPO objectives. Kraken parent organization Payward, Ethereum development firm Consensys, hardware wallet producer Ledger, along with investment manager Grayscale, have all delayed prospective public offerings amid softer market conditions, according to reporting by CoinDesk.
Originally published at https://www.coindesk.com/business/2026/09/28/redotpay-completes-financial-audit-as-it-presses-ahead-with-u-s-ipo-plans.
