OpenPayd targets year-end Nasdaq listing, U.S. launch and more acquisitions

OpenPayd expects to complete its planned Nasdaq listing by the end of the year, CEO Iana Dimitrova said in an interview. The London-based payments infrastructure company is preparing to enter the U.S. market and pursue further acquisitions, Dimitrova said. OpenPayd reported $73 million in revenue for its latest financial year. Dimitrova said a listing would help fund expansion and acquisitions.

Dimitrova said OpenPayd is in the final stages of the U.S. Securities and Exchange Commission's review of its proposed merger with Titan Acquisition Corp. Dimitrova expects the deal to close this year, barring a significant external disruption. The transaction still requires the registration statement to become effective. The transaction also requires 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 the country develops rules for digital assets and stablecoins. The GENIUS Act established a federal framework for payment stablecoins. The SEC has proposed rules tailored to some crypto assets. The regulatory shift creates an opening for companies such as OpenPayd to sell payments infrastructure to businesses connecting traditional finance with blockchain networks. However, broader market-structure legislation remains unresolved.