Philippine digital bank Maya is reportedly exploring a U.S. initial public offering that could raise up to $1 billion. The company operates a licensed digital bank and an integrated, regulated cryptocurrency trading service. According to a Bloomberg report, the firm is working with advisers on the potential listing. Users have reported issues with crypto trading functionality on the platform during periods of high volatility. Observers note that U.S. investors will likely balance an evaluation of core banking fundamentals with scrutiny of the company’s crypto compliance and governance.
Philippine digital bank Maya is reportedly exploring a U.S. initial public offering that could raise up to $1 billion. The company is working with advisers on the potential deal according to a Bloomberg report.
Maya operates under a digital banking license and offers savings, loans, and payments through its app. It also provides in-app cryptocurrency trading under a regulated virtual asset service provider framework.
Some users have reported being unable to execute crypto trades during sharp price increases. Assets posting large gains were marked temporarily unavailable while less volatile cryptocurrencies remained tradable.
The potential move comes amid a reopening window for technology IPOs in the United States. U.S. IPO activity showed signs of recovery in 2025, with 202 listings raising about $44 billion marking a four-year high in deal count according to data from Renaissance Capital.
Nathan Marasigan, Partner at MLaw Office, said the timing will be judged on whether the company can present a stable, bank-quality earnings story. “Investors will usually apply more caution because crypto can bring higher volatility and a heavier regulatory spotlight,” he added.
Paolo Lising, researcher at Sora Ventures, characterized the reported IPO as “purely a capital-market arbitrage opportunity.” He stated that adoption is currently outpacing both financial literacy and regulatory capacity in the Philippines.
