OpenPayd is targeting the completion of its planned Nasdaq listing by the end of the year as the London-based payments infrastructure provider prepares to launch in the United States and pursue acquisitions. Chief executive Iana Dimitrova told CoinDesk that the company expects its proposed merger with Titan Acquisition Corp. to close before year-end, provided it receives the necessary regulatory and shareholder approvals.
The transaction would give OpenPayd the Nasdaq ticker OP and an implied pro forma equity value of as much as $1.1 billion under the announced terms. The company is also considering a private placement before the merger to raise additional funds for its growth plans.
Listing depends on approvals
OpenPayd is in the final stages of the U.S. Securities and Exchange Commission’s review of the proposed business combination, Dimitrova said. The deal still requires the registration statement to become effective and approval from Titan shareholders, among other closing conditions.
Dimitrova said she expects the merger to be completed this year unless there is a significant external disruption. Until the required approvals are secured, however, the timetable remains conditional rather than guaranteed.
A public listing would provide OpenPayd with access to capital to support its U.S. expansion. It could also give the company publicly traded shares that could be used in acquisitions and partnerships, adding another way to finance growth beyond cash funding.
OpenPayd provides payment infrastructure for businesses, including access to accounts, foreign exchange and domestic and international payments. Its platform also supports transfers between traditional currencies and stablecoins, digital tokens designed to maintain a stable value relative to an underlying currency or other asset.
The company says its customers include crypto exchange Kraken, market maker B2C2 and trading platform OKX. It has also integrated with Circle Payments Network for cross-border payments and joined Fireblocks’ payments network, where participants can access its fiat-payment infrastructure.
U.S. launch planned for April 2027
OpenPayd plans to make its infrastructure available to U.S. customers by April 2027. A key step came last month, when MSB USA Inc. and its 43 state money transmitter licenses were brought into the OpenPayd group.
Money transmitter licenses are important for companies handling payments because they allow regulated money-transfer activity in the jurisdictions where they are held. Bringing the licenses into the group is intended to support OpenPayd’s ability to establish operations across the United States.
Dimitrova said the company sees opportunities in both cross-border payments and stablecoin services. The broader U.S. environment has become more attractive to digital-asset businesses as lawmakers and regulators develop rules for stablecoins and other crypto-related activities.
The GENIUS Act established a federal framework for payment stablecoins, while the SEC has proposed rules tailored to some crypto assets. Legislation covering wider digital-asset market structure remains unresolved, and Dimitrova described delays in that area as a setback. She said the uncertainty had not changed OpenPayd’s decision to expand in the country.
For payments providers, clearer rules could create demand from businesses seeking to connect conventional financial systems with blockchain networks. OpenPayd describes itself as an infrastructure platform for modern money movement and says it combines fiat and stablecoin capabilities in a way it believes is not matched by a public-market competitor.
Revenue grows as acquisitions enter the plan
OpenPayd reported revenue of $73 million for the financial year ended April 30, 2026, compared with $57 million a year earlier. The company reported EBITDA of $13 million and a net loss of $2.8 million for the latest year.
A company spokesperson said the net loss was entirely attributable to $5.8 million in one-time transaction costs connected with the proposed business combination. EBITDA is a measure of operating performance before interest, taxes, depreciation and amortization, but it does not represent net profit.
As it enters the U.S. market, OpenPayd is assessing acquisitions that could add licenses or technology. Dimitrova said buying those capabilities could allow the company to launch more quickly than developing them internally.
The company’s planned market debut comes as other crypto-related businesses take different approaches to accessing public markets. Stablecoin payments company RedotPay is continuing preparations for a U.S. initial public offering after completing a financial audit, while Kraken parent Payward has pushed its potential listing back to the second quarter of 2027 at the earliest.
Moneyiar market picture
Moneyiar data at 09:33-09:34 on October 5, 2026, showed Ethereum Name Service (ENS) at $6.9253981939, up 1.73% over 24 hours and 4.64% over seven days. OpenLedger (OPEN) was $0.1218506769, up 2.18% over 24 hours but down 6.2% over seven days.
Capricorn (APR) traded at $0.1396686967, gaining 1.94% in 24 hours and 7.14% over seven days. FUNToken (FUN) stood at $0.0079598219, down 0.89% over 24 hours and up 6.35% over seven days. These figures are market data supplied by Moneyiar and are separate from OpenPayd’s proposed listing and financial results.
