OpenPayd Plans Nasdaq Listing by Year-End to Enter the US Market

Payment company OpenPayd is targeting a Nasdaq listing by the end of 2026 to finance its expansion into the US market. CEO Iana Dimitrova stated that the company plans to launch its services in the US by April 2027 and is considering acquisition opportunities to obtain licenses and technologies. OpenPayd expects to complete its merger with Titan Acquisition Corp. by the end of this year, pending regulatory and shareholder approval. This process is in the final stage of review by the US Securities and Exchange Commission. The deal must be registered, become effective, and receive approval from Titan's shareholders, which, if successful, will allow OpenPayd to start trading under the ticker OP.

The CEO noted that the US is becoming a more attractive market for crypto companies due to the development of regulations for digital assets and stablecoins. Existing legislation creates opportunities to sell payment infrastructure to companies looking to bridge traditional finance with blockchain technologies. OpenPayd reported revenue of $73 million for the last fiscal year, along with a net loss of $2.8 million, entirely attributed to one-time transactional expenses of $5.8 million related to the proposed business combination. The payment company has integrated with the Circle Payments Network for cross-border transactions and joined the Fireblocks network, providing other participants access to its fiat infrastructure.

Dimitrova emphasized the importance of cross-border transaction capabilities and stablecoin services in the US, despite delays in legislation for structuring digital assets. She noted that the company is interested in acquisitions that could help rapidly expand its capabilities. Listing on Nasdaq will provide OpenPayd access to capital and the ability to use its shares for deals and partnerships. The anticipated conditional valuation of the company after the deal with Titan could reach $1.1 billion. “Few markets can match the energy and ambition of the US,” said Dimitrova. “We want to leverage this momentum to transition from European success to a global scale.”