Philippine digital bank Maya is exploring an IPO in the United States, aiming to raise $1 billion

According to Decrypt, Philippine digital bank Maya is exploring an initial public offering (IPO) in the United States, aiming to raise up to $1 billion. The company is currently working with advisors to advance this deal.

Maya holds a digital banking license issued by the Philippine central bank and offers savings accounts, consumer loans, payment, and merchant services through its app. In addition to core banking services, Maya also provides in-app cryptocurrency trading services under a regulated virtual asset service provider framework. Choosing to list in the U.S. market may provide Maya with a deeper capital pool and a broader base of institutional investors.

Local observers noted that investors will weigh the company's banking fundamentals against the compliance of its cryptocurrency business.