RedotPay, a blockchain solution, has announced a strategic collaboration with Gelephu Mindfulness City (GMC) to support the development of Bhutan’s digital asset ecosystem through stablecoin-based payment infrastructure.
According to the announcement, RedotPay will establish a full local entity and permanent operational team inside GMC’s Special Administrative Region (SAR), marking a broader push toward localized regulatory oversight for digital asset firms.
The move is intended to align RedotPay’s operations directly with GMC’s compliance, monitoring, and financial governance standards.
RedotPay emphasizes compliance-first approach
The company said its decision to establish a physical presence inside GMC reflects a “compliance-first” operating model, rather than relying solely on offshore or cross-border licensing structures commonly used across the crypto industry.
“Our presence in Gelephu is a testament to our ‘Compliance-First’ philosophy,” said Michael Gao, CEO and Co-Founder of RedotPay. He added that by establishing a local entity, the company was not just providing a service but also placing its operations directly under the supervision of GMC’s regulatory framework.
According to the company, the local structure is designed to improve transparency, facilitate oversight, and strengthen anti-money laundering (AML) and counter-terrorist financing (CTF) compliance tied to stablecoin payment flows.
Stablecoin payments and digital asset infrastructure
RedotPay said it currently processes more than $11 billion in annualized payment volume across over 100+ markets globally.
The collaboration with GMC will focus on expanding stablecoin payment infrastructure, strengthening AML and counter-terror financing (CTF) compliance coordination, maintaining local operational oversight, developing blockchain-based payment rails, and supporting integration with Bhutan’s broader digital finance ecosystem.
GMC officials said the partnership reflects the city’s broader strategy of moving beyond foundational blockchain infrastructure toward real-world digital asset adoption and regulated financial applications.
Jigdrel Singay, Board Director of Gelephu Mindfulness City said, “An ecosystem cannot mature without real usage.” He added that the focus was not only on building the foundations but also on ensuring that digital assets could be used meaningfully in everyday settings.
Expanding global stablecoin network
The latest expansion also builds on RedotPay’s broader push into cross-border stablecoin payments and remittance infrastructure.
In late 2025, RedotPay integrated Ripple Payments to support stablecoin remittances and conversions involving the Nigerian naira (NGN), aiming to improve cross-border transfers and settlement efficiency in African payment corridors.
The company said the integration was designed to accelerate stablecoin-based remittances by reducing transaction friction and improving access to blockchain-powered payment rails.
Earlier this year, RedotPay was also reportedly exploring a potential $1 billion U.S. IPO that could value the Hong Kong-based fintech at more than $4 billion as it continues expanding its global stablecoin payment operations.
The development comes as Bhutan’s GMC continues positioning itself as a regulated blockchain and digital finance hub aimed at attracting crypto firms, fintech companies, and tokenized finance infrastructure providers.
Earlier this month, GMC launched a fast-track licensing and banking framework designed to simplify onboarding for crypto firms already licensed in major global financial jurisdictions.
The framework offers accelerated approvals and banking access under GMC’s Special Administrative Region structure as Bhutan seeks to expand regulated blockchain activity within the country.
Also read: Bipartisan PARITY Act Seeks Major Overhaul of US Crypto Tax Rules
