What is OpenPayd and why is it going public on Nasdaq?

OpenPayd is a fintech infrastructure company that connects traditional banking rails, blockchain networks and stablecoins through a single API. The company plans to go public on Nasdaq through a merger with Titan Acquisition Corp, giving it access to capital to expand its payments platform and stablecoin services.

What is OpenPayd’s Nasdaq listing worth?

The merger values OpenPayd at approximately $1.145 billion on a pro-forma equity basis. If the transaction closes as planned, the combined company will trade on Nasdaq under the ticker OP.

How much money could OpenPayd raise from the deal?

OpenPayd could receive up to $276 million in gross proceeds from the transaction. The company plans to use the funds to strengthen its balance sheet, expand in the US, invest in regulatory licences and develop stablecoin payment products.

How large is OpenPayd’s business today?

OpenPayd reported more than $85 million in annualised recurring revenue as of March 2026. The platform also processes more than $240 billion in annualised transaction volume for over 1,100 business customers across 180 countries.

Which major crypto companies use OpenPayd?

OpenPayd's clients include crypto and trading firms such as Kraken, OKX, eToro and B2C2. These relationships highlight the company's role as infrastructure connecting traditional finance with digital asset markets.

Why are investors interested in OpenPayd’s stablecoin strategy?

Stablecoin adoption is growing rapidly, with transaction volumes reaching about $33 trillion in 2025 and $4.5 trillion in the first quarter of 2026 alone. Investors appear to view OpenPayd as a way to gain exposure to the infrastructure supporting that growth rather than directly investing in a cryptocurrency.

How might the OpenPayd listing affect investors in Titan Acquisition Corp?

Titan Acquisition Corp shareholders will vote on the merger before it can close. A key factor to watch is redemption activity, as shareholders who redeem their shares could reduce the amount of cash ultimately delivered to OpenPayd.

What is OpenPayd’s long-term growth strategy?

Management is positioning OpenPayd as infrastructure for programmable money, where payments move seamlessly across fiat currencies, stablecoins and blockchain networks. The company also sees potential demand from AI-powered systems and autonomous agents that may transact without direct human involvement.

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OpenPayd targets $1.1B Nasdaq debut

Written by Heidi Cuthbert Published Jun. 2 2026Last Updated Jun. 2 2026

London-based OpenPayd has agreed to go public on Nasdaq through a merger with Titan Acquisition Corp in a deal valuing the fintech and payments infrastructure provider at $1.145 billion.

The combined company will trade under the ticker OP and could receive up to $276 million in gross proceeds to support expansion across stablecoin and fiat payment orchestration services.

“We believe the next decade of finance will not be defined by faster cards or cheaper wires — it will be defined by money that moves on its own,”

Said OpenPayd founder and chief executive, Ozan Özerk.

The transaction is expected to close in the fourth quarter of 2026 subject to shareholder approval and regulatory clearances, with OpenPayd reporting more than $85 million in annualised recurring revenue as of March.

OpenPayd serves more than 1,100 businesses across 180 countries, including Kraken, eToro, OKX and B2C2, while processing more than $240 billion in annualised transaction volume through a single API connecting fiat rails, blockchain networks and stablecoin issuers. Following the announcement the Titan Acquisition share price was unchanged at $10.46.

The proposed listing comes amid accelerating adoption of stablecoins, with transaction volumes reaching about $33 trillion in 2025 and a record $4.5 trillion in the first quarter of 2026, while total stablecoin market capitalisation approached $320 billion.

OpenPayd holds regulatory licences across the United States, United Kingdom, European Economic Area, Canada and South Africa, and plans to use proceeds from the transaction to strengthen its balance sheet, expand its US presence and deepen integration of stablecoin payment infrastructure.