OpenPayd plans Nasdaq listing under OP after Titan Acquisition Corp merger
Payments firm OpenPayd expects its Titan Acquisition Corp merger to close by year-end and trade on Nasdaq as OP, with U.S. launch planned for April 2027.
Why it matters
The listing would put a stablecoin payments firm on a U.S. exchange as the country develops rules for digital assets and stablecoins, and OpenPayd says proceeds are meant for U.S. expansion and further acquisitions. Until the SEC registration statement is effective and shareholders approve, the combination and the $1.145 billion pro-forma value remain proposals rather than settled facts.
Key facts
OpenPayd expects its merger with Titan Acquisition Corp to close by the end of the year, subject to regulatory and shareholder approvals.
Reported by CoinDesk
The combined company would trade on Nasdaq under the ticker OP.
Reported by CoinDesk
OpenPayd plans to launch U.S. customer services by April 2027 after bringing 43 state money transmitter licenses into its group.
43 state money transmitter licensesReported by CoinDesk
OpenPayd reported $73 million in revenue for its latest financial year.
73,000,000 USDReported by CoinDesk
Crypto.News, citing company filings, reported EBITDA of $13 million for fiscal 2026.
13,000,000 USDReported by Crypto.News
Closing requires Titan shareholder approval, effectiveness of the SEC registration statement, Nasdaq listing approval and at least $130 million in aggregate transaction proceeds.
130,000,000 USDReported by Crypto.News
OpenPayd and Titan signed their definitive business combination agreement on June 1.
Reported by Crypto.News
What happened
Payments infrastructure firm OpenPayd is in the final stages of the U.S. Securities and Exchange Commission's review of its merger with Titan Acquisition Corp, CEO Iana Dimitrova told CoinDesk, and she expects the deal to close by the end of this year barring a significant external disruption. Trading on Nasdaq under the ticker OP would follow once the registration statement becomes effective and Titan shareholders approve, and Crypto.News lists further conditions including Nasdaq listing approval and at least $130 million in aggregate transaction proceeds. The two outlets agree on the closing target and the ticker; Crypto.News dates the close to the end of 2026 and adds a valuation of up to $1.145 billion on a pro-forma equity basis, which CoinDesk did not report in the excerpt available. OpenPayd signed the definitive business combination agreement with Titan on June 1, according to Crypto.News. The company brought 43 state money transmitter licenses into its group and prepares to launch U.S. infrastructure for customers by April 2027, both outlets report, and Dimitrova said a listing would help fund U.S. expansion and further acquisitions, including deals to add licenses and technology. Crypto.News cites filings showing $73 million in revenue for fiscal 2026 and $13 million in EBITDA, while CoinDesk reports $73 million in revenue for the latest financial year without giving an EBITDA figure.
How the story developed
- First report
First report by CoinDesk
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
- Official statement
CEO Iana Dimitrova tells CoinDesk the SEC review is in its final stages
Dimitrova said the deal should close this year absent a significant external disruption, and that OpenPayd would trade as OP.
- Independent corroboration
Independently corroborated by Crypto.News
Stablecoin payment firm OpenPayd eyes Nasdaq listing
- Update
OpenPayd and Titan sign definitive business combination agreement
Announced June 1 with an implied pro forma equity value of up to $1.145 billion for the combined company.
- Update
Crypto.News reports the deal needs $130 million in aggregate proceeds
Filings reviewed by Crypto.News list Titan shareholder approval, SEC effectiveness, Nasdaq listing approval and a $130 million minimum proceeds threshold among the remaining closing conditions.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 3 Oct 2026, 16:00 UTC: CoinDesk — 1 independent source, 1 reports
- 4 Oct 2026, 07:41 UTC: Crypto.News — 2 independent sources, 2 reports
Affected entities
Also mentioned: OKX, Circle
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinDesk Crypto media | Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions | Original | |
| Crypto.News Crypto media | Stablecoin payment firm OpenPayd eyes Nasdaq listing | Independent |
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