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

ChainCatcher reports that, according to market sources, Philippine digital bank Maya is exploring an initial public offering (IPO) in the United States, with plans to raise up to $1 billion. The company is currently working with advisors to facilitate the transaction.

Maya holds a digital banking license issued by the Central Bank of the Philippines and offers savings accounts, consumer loans, payments, and merchant services through its app. In addition to its core banking operations, Maya also provides in-app cryptocurrency trading services under a regulated virtual asset service provider framework. Listing in the U.S. market could provide Maya with a deeper capital pool and a broader base of institutional investors. Local observers note that investors will weigh the company’s banking fundamentals against its crypto business compliance.