A financial infrastructure platform, OpenPayd, has entered into a definitive business combination agreement with a special purpose acquisition company, Titan Acquisition Corp.
The pro forma valuation of the combined entity is approximately $1.145 billion, propelling OpenPayd into the ranks of "unicorn" companies.
Pursuant to the agreement, OpenPayd is set to list on the Nasdaq under the ticker symbol "OP," with the transaction anticipated to close in the fourth quarter of 2026.
Assuming no redemptions by Titan's public shareholders, OpenPayd expects to receive gross proceeds of up to $276 million from Titan's trust account.
These funds are intended to strengthen the company's balance sheet and accelerate the expansion of its financial infrastructure capabilities.
OpenPayd operates a financial infrastructure platform that enables businesses to move and manage funds across traditional payment rails, blockchain networks, and stablecoins through a single API.
The company has established a global, programmable money movement system at the intersection of traditional finance and digital assets, with a regulatory footprint spanning the US, UK, European Economic Area, Canada, and South Africa.
Currently, OpenPayd serves over 1,100 clients across 180 countries and regions, including notable firms such as eToro, Kraken, and OKX.
As of March 2026, the company's annualized recurring revenue exceeded $85 million, with annualized transaction processing volume surpassing $240 billion.
OpenPayd's CEO, Iana Dimitrova, stated that this transaction marks a significant milestone in the company's journey, reflecting the scale of its platform, regulatory strength, and ability to achieve profitable growth.
Founder Ozan Ozerk emphasized that the company is building the foundational infrastructure for an economy where autonomous intelligent agents transact independently, believing that the public listing will provide the capital and mission to lead this market.
Titan Acquisition Corp.'s Chairman and CEO, Frank Mastrangelo, pointed out that the institutional adoption of digital assets, increasingly positive regulatory frameworks, and strong demand for integrated fiat and digital asset infrastructure lay the groundwork for OpenPayd's long-term success.
Regarding business expansion, CEO Iana Dimitrova previously noted in an interview that the company has recently begun handling fiat settlements for the FDUSD ecosystem and providing multi-currency settlement services for LMAX.
This reflects the steady growth in demand for stablecoins in treasury management and cross-border payments.
The company plans to continue scaling its US operations and further expanding its product and regulatory capabilities.
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