London-based payment infrastructure provider OpenPayd is targeting a Nasdaq listing before the end of 2026. The public listing plan is being pursued through a merger with Titan Acquisition Corp. Based on publicly announced deal details, OpenPayd’s pro forma equity valuation is estimated at $1.1 billion. Once the merger closes and the company officially goes public, its shares will trade under the ticker OP.
The company’s financial records reveal an intriguing picture behind the move. OpenPayd reported a net loss of $2.8 million, but that entire loss was driven by a one-off transaction expense of $5.8 million tied to the merger process. Excluding that one-time charge, core operations remained in positive territory. OpenPayd’s flagship offering centers on facilitating combined transactions between fiat currency and stablecoins. The company claims this hybrid business model currently faces no direct public market competitor.
Full Arsenal Ahead of April 2027
OpenPayd’s expansion roadmap already has a firm timetable. CEO Iana Dimitrova stated that the firm plans to launch its full suite of services across the United States in April 2027. They are not arriving empty-handed. Last month, the company brought MSB USA Inc. into its corporate group structure. That acquisition immediately gave OpenPayd access to 43 money transmitter licenses across 43 US states.
Securing dozens of regulatory licenses has become critical following the passage of the GENIUS Act. The new law establishes a clear federal regulatory framework for using stablecoins as legitimate payment instruments. This centralized regulation creates a far safer operating environment for infrastructure providers like OpenPayd to serve institutional clients.
The firm is also continuing to add technical layers to its systems. OpenPayd has integrated the Circle Payments Network into its operating architecture specifically to streamline cross-border settlements. At the same time, it has joined the Fireblocks network. This infrastructure stack powers its roster of active clients, which currently includes major exchanges such as Kraken, B2C2, and OKX.
Contrasting Confidence in Public Markets
OpenPayd’s move toward public markets has sparked a fresh race in the crypto payment infrastructure sector. Close rival RedotPay is also actively finalizing preparations for an initial public offering (IPO) in the US market. Both companies are racing to capture the first wave of institutional demand for bridges connecting traditional banking systems with the stablecoin economy.
Interestingly, this boldness among infrastructure providers has not carried over to their own clients. While OpenPayd accelerates toward Nasdaq before late 2026, Kraken parent company Payward made the opposite move. Instead, they delayed their listing plans and pushed them back to the second quarter of 2027. This divergence highlights that providing shovels to miners often proves to be a more predictable business than mining the gold itself.
Reported by CoinDesk.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
