Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

CEO Iana Dimitrova said OpenPayd aims to launch in the U.S. by April 2027 and is eyeing deals to add licenses and technology.

OpenPayd expects its merger with Titan Acquisition Corp. to close by year-end, subject to regulatory and shareholder approvals, CEO Iana Dimitrova told CoinDesk. The company is preparing to launch its infrastructure for U.S. customers by April 2027, after bringing 43 state money transmitter licenses into its group.

The payments firm reported $73 million in revenue for its latest financial year, while Dimitrova said a listing would help fund expansion and acquisitions. 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 told CoinDesk in an interview.

The London-based payments infrastructure company is in the final stages of the U.S. Securities and Exchange Commission’s review of its proposed merger with Titan Acquisition Corp., Dimitrova said. She expects the deal to close this year, barring a significant external disruption. The transaction still requires the registration statement to become effective and approval from Titan shareholders, among other conditions. OpenPayd would trade under the ticker OP.

The U.S. has become a more attractive market for crypto companies as it develops rules for digital assets and stablecoins. The GENIUS Act established a federal framework for payment stablecoins, while the SEC has proposed rules tailored to some crypto assets. For companies such as OpenPayd, that shift creates an opening to sell payments infrastructure to businesses connecting traditional finance with blockchain networks, even as broader market-structure legislation remains unresolved.

Crypto firms are taking different paths to the public markets: stablecoin payments company RedotPay is pressing ahead with U.S. IPO preparations