UK Fintech OpenPayd Eyes $1.1 Billion Nasdaq IPO

OpenPayd announced plans to list on Nasdaq through a merger with Titan Acquisition Corp. The deal values the London-based payments platform at $1.145 billion on a pro-forma equity basis.

Shares will trade under the ticker OP. Up to $276 million in gross proceeds will fund OpenPayd’s expansion into stablecoin and fiat payment orchestration.

Inside OpenPayd’s Nasdaq Listing

Titan Acquisition Corp., which trades on Nasdaq under TACHU, entered a definitive business combination agreement with OpenPayd.

Today marks an important milestone for OpenPayd.We’ve announced an agreement with Titan Acquisition Corp. that will see OpenPayd become a publicly listed company on Nasdaq upon completion of the transaction.OpenPayd’s financial infrastructure platform operates at the… pic.twitter.com/ykOF9UNRIV

— OpenPayd (@OpenPayd) June 1, 2026

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Closing is expected in the fourth quarter of 2026, subject to approval by Titan shareholders and customary regulatory conditions.

OpenPayd reported more than $85 million in annualized recurring revenue as of March 2026. The platform processes over $240 billion in annualized transaction volume.

The company serves more than 1,100 businesses across 180 countries, including Kraken, eToro, OKX and B2C2.

Proceeds from Titan’s trust account will strengthen the balance sheet and fund expansion across the United States.

OpenPayd plans to invest in regulatory licenses, product development and deeper integration of stablecoin payment rails.

Why Stablecoin Infrastructure Drew Investors

The listing reflects investor focus on platforms bridging traditional finance and digital assets.

Stablecoin transaction volumes reached approximately $33 trillion in 2025. A record $4.5 trillion moved in the first quarter of 2026 alone.

NEW – The DeFi Quarterly: Q1 2026Risk-Off Sentiment Met Structural ProgressDeFi prices fell and total value locked (TVL) contracted broadly in Q1.Key findings:→ Stablecoin supply reached ~$306 billion, with adjusted transaction volume rising ~20% to ~$4.5 trillion as…

— ARK Invest (@ARKInvest) May 15, 2026

Stablecoin market capitalization nears $320 billion as of this writing, hitting a fresh all-time high in the ongoing stablecoin market boom.

Real-world payments volume doubled in 2025 to roughly $400 billion, with about 60% representing business-to-business transactions.

OpenPayd operates a single API connecting fiat rails, blockchain networks and stablecoin issuers. The company holds regulatory licenses across the United States, United Kingdom, European Economic Area, Canada and South Africa.

That footprint positions OpenPayd within the broader stablecoin market growth story.

What to Watch Next

Founder Ozan Özerk framed the deal as a bet on programmable money and autonomous payment systems. He sees AI agents transacting across fiat and digital rails.

“We believe the next decade of finance will not be defined by faster cards or cheaper wires — it will be defined by money that moves on its own. Autonomous agents are already making decisions; the infrastructure beneath them must keep pace,” read an excerpt in the announcement, citing Özerk.

The thesis aligns with the ongoing programmable money push across enterprise finance.

Titan first listed in April 2025 and raised $276 million in its IPO. Redemption pressure from Titan shareholders ahead of closing will determine final proceeds and dilution for OpenPayd.

The S-4 registration statement is expected to be filed with the SEC in the coming months. That filing will provide audited financials, growth projections and detailed risk disclosures.

Tightening rules under the recent stablecoin regulation push could also shape OpenPayd’s compliance roadmap.