OpenPayd to List on Nasdaq in $1.145B Deal with Titan

OpenPayd announced it will become a public company through a definitive merger agreement with Titan Acquisition Corp., valuing the London-based payments platform at $1.145 billion on a pro-forma equity basis. The transaction may provide up to $276 million in gross proceeds for the company.

Shares are expected to trade under the ticker OP after the deal closes. The companies expect to complete the transaction in the fourth quarter of 2026, subject to Titan shareholder approval and customary regulatory conditions. An S-4 registration statement will be filed with the U.S. Securities and Exchange Commission in the coming months and will include audited financial statements and risk disclosures.

As of March 2026 OpenPayd reported more than $85 million in annualized recurring revenue and processes over $240 billion in annualized payment volume. The platform serves more than 1,100 businesses across about 180 countries, including Kraken, eToro, OKX and B2C2.

Proceeds available from Titan’s trust account are planned for strengthening OpenPayd’s balance sheet and funding expansion in the United States, including investments in regulatory licenses, product development and deeper integration of stablecoin payment rails.

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

Founder Ozan Özerk framed the listing as a wager on programmable money and autonomous payment systems. In the company announcement he wrote: “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.”

Investor interest in platforms that bridge traditional finance and digital assets has coincided with large stablecoin flows. Stablecoin transaction volumes reached about $33 trillion in 2025, and roughly $4.5 trillion moved in the first quarter of 2026. Stablecoin market capitalization nears $320 billion and stablecoin supply is estimated at about $306 billion.

Real-world payments that used digital rails rose as well, with total real-world payments volume roughly doubling in 2025 to about $400 billion, approximately 60% of which was business-to-business.

Titan first listed in April 2025 and raised $276 million in its initial public offering. Redemption requests from Titan shareholders before closing will determine the final cash available to OpenPayd and the dilution for existing shareholders. Evolving regulatory rules on stablecoins may affect OpenPayd’s compliance obligations and the timing of new product rollouts.

The S-4 filing will provide investors with audited financials, growth projections and detailed risk factors. The transaction remains subject to regulatory approvals and shareholder votes before it can close.