OpenPayd announced a merger agreement with Titan Acquisition Corp. Which would list the company publicly on the Nasdaq at a valuation of about $1.1 billion.
If OpenPayd proceeds as planned, it will be rare to see a cryptocurrency-related company move forward with its listing plans after a string of digital asset and fintech companies recently halted or abandoned their own ambitions due to weak markets and falling token prices.
What crypto company is listed on NASDAQ?
OpenPayd and Titan, a special purpose acquisition company (SPAC) trading on the Nasdaq under the ticker TACHU, have signed a definitive business combination agreement that will see OpenPayd list under the symbol “OP.”
If none of Titan’s shareholders redeem their holdings, OpenPayd will receive up to $276 million in gross proceeds from Titan’s trust account to expand its business and strengthen its finances.
The company reported annual recurring revenue of more than $85 million as of March 2026 and processes more than $240 billion in annual transaction volume. OpenPayd’s client list includes eToro, Kraken, and OKX, and operates in over 180 countries. The deal values OpenPayd at $1.1 billion.
The boards of directors of both companies approved the deal unanimously. Final closing is expected in the fourth quarter of 2026, subject to shareholder approval and other standard conditions.
Iana Dimitrova, CEO of OpenPayd, said the deal is a major milestone that demonstrates the strength of the company’s platform. Founder Ozan Ozerk added that he believes the next decade of financing will be driven by autonomous systems, and that going public will give his company the money and mission to lead this market.
OpenPayd’s listing comes as cryptocurrency listing plans across the industry stall
OpenPayd timing It stands out as several major cryptocurrency companies have delayed or postponed public offerings this year due to falling prices and a lack of investor interest.
Cryptopolitan I mentioned Consensys, the company behind the MetaMask Ethereum wallet, has pushed its planned US IPO to at least the fall of 2026 after cryptocurrency markets fell sharply earlier in the year. JPMorgan and Goldman Sachs were working on the offering.
Grayscale, one of the largest crypto asset managers and the company behind the Bitcoin Trust ETF (GBTC), has also halted its preparations for an IPO and is unlikely to go live before the fourth quarter.
Kraken suspended its multibillion-dollar IPO earlier in 2026, just months after raising $1.3 billion across two funding rounds that valued the exchange at more than $20 billion. Cryptopolitan too I mentioned previously Hardware wallet maker Ledger has paused a planned $4 billion listing.
BitGo is the only cryptocurrency company to have completed an IPO in the US so far this year. The digital asset custodian raised about $213 million in January, but its shares now trade at about 36% below the offering price.
Titan CEO Frank Mastrangelo describes OpenPayd as what he believes is “the first publicly traded global payments infrastructure platform, right at the intersection of traditional finance and digital assets,” according to Joint declaration.
