OpenPayd Plans to List on NASDAQ by the End of the Year and Advance Expansion in the U.S.
CoinDesk
1h ago
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OpenPayd, the Chief Executive Officer, stated that the company's goal is to launch services in the United States by April 2027 and plans to acquire additional licenses and technologies through mergers and acquisitions. The company expects to complete its proposed listing on NASDAQ by the end of the year to support its expansion into the U.S. market.
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OpenPayd CEO Iana Dimitrova stated that the company's goal is to launch services in the United States by April 2027, and plans to acquire additional licenses and technologies through mergers and acquisitions.

This London-based payment infrastructure company is preparing to launch its services to American customers, with a goal of going live by April 2027. Prior to this, the company has already incorporated remittance licenses from 43 states into its group.

In an interview with CoinDesk, Dimitrova stated that OpenPayd is expected to complete its planned NASDAQ listing by the end of this year, while also preparing to enter the US market and continue with acquisitions.

She said that the proposed merger between the company and Titan Acquisition Corp is currently in the final stage of review by the U.S. Securities and Exchange Commission.

She expects that, unless there are significant external disruptions, this transaction will be completed this year. However, the transaction still requires registration and declaration to take effect, approval from the Titan shareholders, and other conditions. After OpenPayd goes public, it will be traded under the stock code OP.

As the United States gradually establishes rules for digital assets and stablecoins, the U.S. has become a more attractive market for crypto companies. The Federal Reserve has established a federal framework for payment-style stablecoins, while the U.S. Securities and Exchange Commission (SEC) has also proposed rules for certain crypto assets. This change opens up opportunities for companies like OpenPayd to sell payment infrastructure to enterprises that connect traditional finance with blockchain networks, although broader market structure legislation has not yet been resolved.

The paths for crypto companies to enter the public market vary: Stablecoin payment company RedotPay is advancing its plans in the United States, and IPO has recently completed its financial audit. Some companies choose to wait; according to CoinDesk, Kraken's parent company, Payward, has postponed its listing plans until at least the second quarter of 2027.

OpenPayd has been connected to Circle Payments Network to support cross-border payments, and has joined the payment network of Fireblocks. Other participants can access its fiat currency infrastructure through this network.

Dimitrova stated that the company is a "global infrastructure platform for modern capital flows" and claimed that "no public market competitor currently has the capability to handle both fiat and stablecoins like OpenPayd does."

She added that this listing will help to provide funding for expansion in the United States, with the goal of launching services for American customers by April 2027. OpenPayd

The United States is gradually taking shape with its implementation underway.

Last month, the company took a step towards this goal by incorporating MSB USA Inc and its remittance licenses in 43 states into the OpenPayd group.

OpenPayd provides enterprises with account, foreign exchange, and domestic and international payment services, as well as the infrastructure for transfers between traditional currencies and stablecoins. Companies that use its payment infrastructure include the crypto exchange Kraken, market makers B2C2, and trading platforms OKX.

According to an investor presentation, the company's annual revenue as of April 30, 2026, was 73 million US dollars, which is higher than the 57 million US dollars in the same period of the previous year. The company reported a EBITDA of 13 million US dollars and a net loss of 2.8 million US dollars.

In an email comment, a company spokesperson stated that the reported net loss of $2.8 million was entirely attributable to one-time transaction costs of $5.8 million related to the proposed business merger.

Dimitrova says that there are opportunities in the United States regarding cross-border payments and stablecoin services.

She described the delay in legislation regarding the structure of the U.S. digital asset market as a setback, but stated that this did not change OpenPayd's decision to expand into the United States.

More transactions are on the agenda.

As companies enter new markets, mergers and acquisitions may play a more important role.

Dimitrova said that OpenPayd intends to acquire businesses that can add licenses or technologies, allowing the company to go live more quickly than if it were to start from scratch.

According to the publicly announced Titan transaction terms, the implied preparatory equity value of OpenPayd can reach up to $1.1 billion.

"Few markets possess both vitality and ambition like the United States," said Dimitrova. "We hope to leverage this momentum to take OpenPayd from its success in Europe to a global scale."

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