RedotPay has expanded its Hong Kong workforce by more than 125 employees since 2025 and opened new infrastructure facilities in the city after joining the government's Office for Attracting Strategic Enterprises, or OASES, in April 2026, the stablecoin payments company said.
The company's expansion includes a larger office in Central and a research and development center at the Hong Kong-Shenzhen Innovation and Technology Park. RedotPay said OASES supported the projects as part of its effort to build operations from Hong Kong while serving customers internationally.
RedotPay said it has more than nine million users in over 100 countries. The company describes its service as stablecoin-based payments infrastructure that connects blockchain tools with conventional banking and financial systems. Its growth adds a payments-focused crypto company to Hong Kong's campaign to attract technology and financial firms with operational teams, rather than merely sales offices or regional registrations.
OASES places RedotPay in its strategic-enterprise programme
OASES added RedotPay to its strategic enterprise cohort in April, placing the company among businesses the Hong Kong government considers capable of contributing investment, employment and technology development in the city.
Created by the Hong Kong SAR Government in 2022, OASES operates under the Financial Secretary. The office works with selected companies in fields including financial technology, advanced manufacturing, life sciences and artificial intelligence, offering support intended to help them establish or expand a local presence.
OASES said it has attracted 142 strategic enterprises so far. Those companies are expected to invest HK$84 billion and create roughly 27,000 jobs in the coming years, according to the office. The figures are forward-looking commitments rather than a measure of jobs already created.
For RedotPay, the new R&D center is particularly relevant to Hong Kong's policy goal of developing technical capacity alongside regulated digital-asset activity. A research operation at the Hong Kong-Shenzhen Innovation and Technology Park also links the company's Hong Kong expansion with the cross-border innovation zone on the Shenzhen frontier, an area designed to encourage cooperation between the two cities.
Fintech week appearance puts expansion on display
RedotPay was among OASES strategic enterprises exhibiting at Hong Kong FinTech Week. An OASES delegation visited the company's booth on Nov. 2, according to event materials.
The delegation included Herbert So, manager at OASEES; Bryan Peng, executive director of OASES; and Frenda Cheung, OASES chief manager for fintech. Michael Gao, RedotPay's co-founder and chief executive officer, represented the company at the booth.
Earlier material from an OASES ceremony in April showed Gao with Paul Chan, Hong Kong's Financial Secretary. The appearance reflected the close public-private relationship that OASES seeks to establish with selected companies after they join its programme.
Hong Kong has spent recent years positioning itself as a location for digital-asset businesses operating alongside established financial institutions and under a defined regulatory framework. That strategy has included licensing rules for virtual-asset trading platforms, a stablecoin regulatory regime under development, and government-backed initiatives intended to draw international technology companies to the city.
RedotPay's model sits at the intersection of those policy areas. Stablecoin payment providers seek to make tokens linked to traditional currencies usable in card payments, transfers and merchant transactions, while relying on banking partners and compliance systems to connect those transactions to conventional money movement.
Hiring provides a more tangible measure than user claims
The company's reported user base gives RedotPay an international profile, but its local hiring is the clearest immediate indicator of its commitment to Hong Kong. Adding more than 125 employees since 2025 suggests the company is assigning operational and technical functions to the city rather than treating it solely as a commercial base.
The Central office expansion would support its corporate and financial operations, while the R&D center indicates work on payment technology, product systems or compliance infrastructure could increasingly be carried out locally. RedotPay did not specify the division of roles across the new positions or disclose its total Hong Kong headcount.
That distinction matters in a market where many crypto companies can serve global customers with relatively small local teams. Government programmes such as OASES are designed to secure activities that produce employment, technical knowledge and longer-term corporate infrastructure within Hong Kong.
Hong Kong's support does not remove the compliance challenges faced by stablecoin payment firms. Providers handling cross-border value transfers must manage anti-money-laundering controls, sanctions screening, customer identification and the legal status of stablecoins across different jurisdictions. The ability to connect token-based payments with banking rails also depends on relationships with regulated financial institutions.
RedotPay's expansion therefore places the company in a segment where growth depends as much on payments infrastructure and regulatory execution as on demand for digital assets. Its OASES membership gives the firm a formal link to Hong Kong's strategic-enterprise agenda, while its hiring and research-center plans tie that relationship to local operations.
Explore how stablecoins shape Asia’s payments future in this deep regional insights guide for forward-looking fintech builders.
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