OpenPayd has set its sights on a Nasdaq debut before the end of 2026, betting that its blend of fiat and stablecoin infrastructure gives it an edge no public competitor can match.
The London-based payments platform plans to use listing proceeds to bankroll a U.S. expansion and pursue acquisitions, according to Chief Revenue Officer Ana Dimitrova. The target lands amid a mixed landscape for crypto public offerings. RedotPay, a stablecoin payments firm, recently cleared a financial audit as part of its own IPO push. Meanwhile, Payward, the parent of exchange Kraken, has postponed any listing until mid-2027 at the earliest.
OpenPayd has moved aggressively to build momentum. The company joined Circle Payments Network for cross-border transactions and plugged into Fireblocks’ payments ecosystem, where other participants can tap its fiat rails.
“OpenPayd is a global infrastructure platform for modern money movement,” Dimitrova said. “There is no public market competitor that has the same combination of fiat and stablecoin capabilities.”
As a result, the firm expects to begin serving U.S. customers by April 2027. A key step came last month, when MSB USA Inc. and its 43 state money transmitter licenses moved under the OpenPayd umbrella.
The platform gives businesses access to accounts, foreign exchange, domestic and cross-border payments, plus on-ramps between traditional currencies and stablecoins. Clients include Kraken, market maker B2C2, and trading venue OKX.
Financials show growth. Revenue climbed to $73 million for the year ended April 30, 2026, up from $57 million the prior year. The company posted $13 million in EBITDA but recorded a $2.8 million net loss.
OpenPayd now races toward a deadline that would make it one of the few publicly listed companies pairing conventional banking rails with stablecoin settlement at scale.
