OpenPayd Aims for Year-End Nasdaq Listing to Support U.S. Growth

FinancePayments firm OpenPayd is targeting a Nasdaq listing by the end of the year to finance its expansion into the U.S. and pursue acquisitions.

CEO Iana Dimitrova announced plans for a U.S. launch by April 2027, seeking to acquire licenses and technology.

By Will Canny|Edited by Cheyenne LigonOct 3, 2026, 12:00 p.m. EDT3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on

OpenPayd aims for a year-end Nasdaq listing to support U.S. growth. (CoinDesk Archives)SummaryShow

• OpenPayd anticipates completing its merger with Titan Acquisition Corp. by year-end, pending regulatory and shareholder approvals, according to CEO Iana Dimitrova.
• The firm is gearing up to offer services to U.S. customers by April 2027, having secured 43 state money transmitter licenses.
• OpenPayd reported a revenue of $73 million for its most recent financial year, with plans for the listing aimed at fueling growth and acquisitions.

OpenPayd is on track to finalize its Nasdaq listing by the end of this year, as it sets its sights on entering the U.S. market and pursuing further acquisitions, CEO Iana Dimitrova revealed in a recent interview with CoinDesk.

The London-based payments infrastructure firm is nearing the conclusion of the U.S. Securities and Exchange Commission’s evaluation of its proposed merger with Titan Acquisition Corp., as stated by Dimitrova.

She expects the merger to be completed this year, barring any major external issues. The deal is contingent upon the registration statement being effective and receiving Titan shareholder approval, among other prerequisites. OpenPayd plans to trade under the ticker OP.

The U.S. market has become increasingly appealing for cryptocurrency firms due to the evolving regulations surrounding digital assets and stablecoins. The recently enacted GENIUS Act has established a federal framework for payment stablecoins, while the SEC has introduced proposals aimed at certain cryptocurrency assets. This regulatory shift presents an opportunity for companies like OpenPayd to provide payment infrastructure that bridges traditional finance and blockchain networks, despite unresolved issues in broader market-structure legislation.

Different cryptocurrency companies are exploring various routes to public markets: for instance, stablecoin payment provider RedotPay is actively preparing for a U.S. IPO after completing a financial audit, while others like Payward, the parent company of Kraken, have postponed their listings until mid-2027 at the earliest, according to CoinDesk.

OpenPayd has partnered with Circle Payments Network for international payments and has joined the Fireblocks payment network, enabling other participants to access its fiat infrastructure.

Dimitrova described the company as a "global infrastructure platform for modern money movement," asserting that "no public market competitor offers the same blend of fiat and stablecoin capabilities that OpenPayd provides today."

The upcoming listing is crucial for funding the company’s U.S. expansion, with services intended to launch by April 2027, as she noted.

U.S. Launch Progressing

The company made strides towards this goal last month by acquiring MSB USA Inc. and its 43 state money transmitter licenses.

OpenPayd offers businesses access to accounts, foreign exchange, and both domestic and international payment solutions, as well as infrastructure for transitioning between traditional currencies and stablecoins. Notable clients include crypto exchange Kraken, market maker B2C2, and trading platform OKX.

For the fiscal year ending April 30, 2026, OpenPayd reported revenues of $73 million, an increase from $57 million the previous year, according to an investor presentation. The company recorded $13 million in EBITDA and a net loss of $2.8 million for the latest year.

The $2.8 million net loss is entirely related to $5.8 million in one-off transaction costs associated with the proposed business combination, as clarified by a company representative in an email.

Dimitrova highlighted the U.S. market's potential for cross-border payments and stablecoin services.

She acknowledged the delays in U.S. digital asset market-structure legislation as a challenge but emphasized that it has not deterred OpenPayd from its expansion plans.

Future Acquisitions on the Horizon

As OpenPayd enters new markets, acquisitions could become increasingly significant.

Dimitrova mentioned that the company is interested in acquiring businesses that could provide additional licenses or technology, enabling a quicker launch than developing those capabilities internally.

A successful listing would not only provide capital access but also publicly traded shares that could be utilized in future deals and partnerships. Additionally, she indicated that the company is contemplating a private placement before the merger to secure funding for its growth initiatives.

According to the announced terms of the Titan deal, OpenPayd’s implied pro forma equity value could reach $1.1 billion.

“Few markets can match the energy and ambition of the U.S.,” Dimitrova remarked. “We want to harness that momentum to take OpenPayd from European success to a global scale.”

Read more: RedotPay completes financial audit as it presses ahead with U.S. IPO plans