OpenPayd expects to complete its planned Nasdaq listing by the end of the year as it prepares to enter the U.S. market and pursue further acquisitions, CEO Iana Dimitrova said in an interview.
The London-based payments infrastructure company is currently navigating the final stages of the U.S. Securities and Exchange Commission’s review regarding its proposed business combination with Titan Acquisition Corp., Dimitrova noted. The strategic move represents a major milestone for the firm as it looks to solidify its footprint on a global scale by tapping into the public markets.
Dimitrova stated that she expects the transaction to close before the end of the year, provided there are no significant external disruptions that could stall the process. However, the completion of the deal remains subject to standard regulatory procedures, which include the registration statement becoming effective and receiving the necessary approval from Titan shareholders, alongside other customary closing conditions. Upon the successful finalization of the merger, OpenPayd plans to trade on the Nasdaq under the ticker symbol OP, marking its transition into a publicly traded entity with an implied pro forma equity value that could reach $1.1 billion under the announced terms of the Titan agreement.
The timing of OpenPayd’s public market debut coincides with a shifting regulatory landscape in the United States, which has grown increasingly attractive to cryptocurrency and digital asset firms. As the U.S. works to establish clearer rules and guidelines for digital assets and stablecoins, the environment for compliant infrastructure providers has evolved. For instance, the passage of the GENIUS Act established a formal federal framework specifically for payment stablecoins. Concurrently, the SEC has proposed tailored rules directed at governing certain crypto assets.
For companies like OpenPayd, these developments create a lucrative opening to market their core payments infrastructure to businesses seeking reliable bridges connecting traditional fiat financial systems with emerging blockchain networks. This strategic window remains open even as broader, comprehensive market-structure legislation continues to face delays and remains unresolved in Washington.
Across the broader financial technology and digital asset sectors, firms are pursuing vastly divergent strategies when it comes to entering public markets. While OpenPayd is pushing forward to finalize its special purpose acquisition company (SPAC) merger by the year’s end, other industry participants are taking alternative routes. For example, stablecoin payments company RedotPay has pressed ahead with its own U.S. initial public offering preparations, having recently completed a comprehensive financial audit. Conversely, other major players are adopting a more cautious timeline, as evidenced by Kraken parent company Payward, which pushed its anticipated listing back to the second quarter of 2027 at the earliest.
OpenPayd has spent considerable effort building out its ecosystem through strategic technological integrations. The company has successfully integrated with the Circle Payments Network to streamline cross-border payment flows. Additionally, it has joined Fireblocks’ institutional payments network, allowing outside participants on the platform to leverage OpenPayd’s robust fiat infrastructure.
Describing her enterprise, Dimitrova emphasized that OpenPayd operates as a global infrastructure platform built for modern money movement. She asserted that there is currently no direct public market competitor offering the exact combination of fiat and stablecoin capabilities that OpenPayd can deliver to its client base today.
The upcoming public listing is designed to provide the financial firepower necessary to fuel the company’s aggressive U.S. expansion strategy. According to Dimitrova, OpenPayd is aiming to officially launch its commercial services for customers within the United States by April 2027.
U.S. Launch Takes Shape
OpenPayd took a major operational step toward its anticipated U.S. market entry last month by bringing MSB USA Inc. and its portfolio of 43 state money transmitter licenses directly under the OpenPayd corporate group umbrella. This foundational licensing footprint gives the company the regulatory backing required to operate across a vast majority of U.S. jurisdictions.
The firm’s core business model revolves around providing enterprise clients with seamless access to virtual accounts, foreign exchange services, and domestic and international payment processing. This is paired closely with proprietary infrastructure capable of facilitating instantaneous movement between traditional fiat currencies and digital stablecoins. OpenPayd’s impressive roster of clients includes prominent industry names such as crypto exchange Kraken, institutional market maker B2C2, and major trading platform OKX, all of which rely on the company’s underlying payments architecture to support their day-to-day operations.
Financial disclosures released in connection with the merger reveal steady financial growth. OpenPayd reported $73 million in revenue for the fiscal year ended April 30, 2026, marking a notable increase from the $57 million reported during the previous fiscal year. Furthermore, the company generated $13 million in EBITDA for the latest annual period, alongside a net loss of $2.8 million.
A company spokesperson clarified in emailed comments that the reported net loss of $2.8 million is entirely attributable to $5.8 million in one-time transaction costs associated directly with the proposed business combination. Excluding these non-recurring expenses, the underlying business maintains profitability while scaling its operations.
Dimitrova noted that the U.S. market presents substantial commercial opportunities across both traditional cross-border payment corridors and emerging stablecoin services. While she described ongoing delays to comprehensive U.S. digital-asset market-structure legislation as a minor setback for the industry at large, she emphasized that these legislative bottlenecks have not altered OpenPayd’s strategic resolve to expand aggressively into the region.
More Deals on the Agenda
Mergers and acquisitions are expected to play a central role in OpenPayd’s growth playbook as the company targets new geographic territories and product verticals. The firm is actively scanning the market for potential acquisition targets that can supply valuable regulatory licenses or advanced proprietary technology, enabling OpenPayd to accelerate its market entry timelines rather than building those capabilities entirely from scratch.
A successful public listing on the Nasdaq would provide the company with dual advantages: direct access to substantial public capital markets and publicly traded equity that can be deployed effectively to fund future corporate deals, buyouts, and strategic partnerships. In addition to the pending merger with Titan Acquisition Corp., Dimitrova revealed that the company is also considering a private placement ahead of the merger transaction to secure supplemental funding for its ambitious growth roadmap.
Reflecting on the overarching vision driving the company forward, Dimitrova highlighted the unique allure of the North American market. Few markets around the world can match the sheer economic energy and structural ambition found in the United States, she observed. The objective, she concluded, is to successfully harness that momentum to propel OpenPayd from its established position as a European success story into a truly global-scale payments powerhouse.
