London stablecoin payment infrastructure company OpenPayd said to the media on October 3 that it plans to merge with Titan Acquisition Corp., aiming to list on the Nasdaq by the end of 2026. Under the estimated pro forma terms disclosed, the maximum pro forma equity value after the transaction is approximately US$1.1 billion. CEO Iana Dimitrova said that the deal is currently in the later stages of review by the U.S. Securities and Exchange Commission, and still requires the effectiveness of the registration statement, Titan shareholder approval, Nasdaq listing approval, and conditions including total transaction proceeds of at least approximately US$130 million. If there are no major external disruptions, the company expects to complete the closing within the year.
OpenPayd provides account, remittance, and cross-border payment infrastructure between fiat currencies and stablecoins. Its customers include Kraken, OKX, B2C2, and others; it has also connected to the Circle Payments Network and the Fireblocks payments network. Revenue for the company’s latest fiscal year (ended April 30, 2026) was approximately US$73 million, up about 28% year over year. Proceeds from the listing are intended for expansion in the U.S. market and acquisitions, with a goal to launch services to U.S. customers by April 2027. Previously, the company incorporated entities holding approximately 43 state money-remittance licenses into the group. The merger has not yet been closed, and there are risks such as approvals and fundraising falling short of expectations.
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OpenPayd provides account, remittance, and cross-border payment infrastructure between fiat currencies and stablecoins. Its customers include Kraken, OKX, B2C2, and others; it has also connected to the Circle Payments Network and the Fireblocks payments network. Revenue for the company’s latest fiscal year (ended April 30, 2026) was approximately US$73 million, up about 28% year over year. Proceeds from the listing are intended for expansion in the U.S. market and acquisitions, with a goal to launch services to U.S. customers by April 2027. Previously, the company incorporated entities holding approximately 43 state money-remittance licenses into the group. The merger has not yet been closed, and there are risks such as approvals and fundraising falling short of expectations.
#稳定币 #支付 #纳斯达克 does not constitute investment advice
