OpenPayd

Fintech · Payments Infrastructure · Crypto/Stablecoins

IPO

OpenPayd plans year-end Nasdaq listing via $1.1B SPAC merger

Proceeds would fund a U.S. launch and acquisition spree as new stablecoin rules open American markets to crypto-payments infrastructure.

• OpenPayd expects its merger with blank-check company Titan Acquisition Corp. to close by year-end, pending SEC registration effectiveness and Titan shareholder approval, with shares trading under ticker OP.
• The London-based firm provides businesses with accounts, FX and domestic/international payments plus fiat-to-stablecoin infrastructure, serving clients including Kraken, B2C2 and OKX.
• The Titan deal implies a pro forma equity value of up to $1.1 billion, and OpenPayd is also weighing a private placement before the merger to raise additional growth capital.
• OpenPayd posted $73 million in revenue for the fiscal year ended April 30, 2026 (up from $57 million), $13 million EBITDA, and a $2.8 million net loss tied to a one-time $5.8 million merger cost.
• Last month OpenPayd folded MSB USA Inc. and its 43 state money-transmitter licenses into the group, laying the regulatory groundwork for a U.S. customer launch targeted for April 2027.
• The listing push comes as the GENIUS Act establishes a federal stablecoin framework and the SEC proposes crypto-asset rules, making the U.S. a more attractive base for blockchain-linked payments infrastructure.
• A Nasdaq listing would hand OpenPayd public stock as acquisition currency to buy licenses and technology, accelerating its bid to dominate fiat-stablecoin payments infrastructure before rivals catch up.
• Crypto firms are splitting on IPO timing: stablecoin payments company RedotPay is pushing ahead with a U.S. IPO after completing its audit, while Kraken parent Payward has delayed its own listing to Q2.