OpenPayd to List on Nasdaq via SPAC at $1.145B

OpenPayd, a London-based payments platform, will become a public company on Nasdaq through a merger with Titan Acquisition Corp. The deal values OpenPayd at $1.145 billion on a pro-forma equity basis and could provide up to $276 million in gross proceeds.

Shares are expected to trade under the ticker OP. Closing is targeted for the fourth quarter of 2026 and is subject to Titan shareholder approval and regulatory clearances. Titan trades under the ticker TACHU.

Proceeds from Titan’s trust account are expected to strengthen OpenPayd’s balance sheet and fund expansion in the United States. OpenPayd plans to pursue regulatory licenses, accelerate product development and deepen integration of stablecoin networks and fiat payment rails. The final cash available at closing will depend on shareholder redemptions before the merger.

OpenPayd reported more than $85 million in annualized recurring revenue as of March 2026 and handles over $240 billion in annualized transaction volume. The company serves about 1,100 businesses in roughly 180 countries, with clients including Kraken, eToro, OKX and B2C2. The platform connects traditional fiat rails, blockchain networks and stablecoin issuers through a single API and holds regulatory permissions in the United States, the U.K., the European Economic Area, Canada and South Africa.

Founder and CEO Ozan Özerk wrote in the company announcement: “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.”

Company figures cited in the announcement show stablecoin transaction volumes reached about $33 trillion in 2025, with roughly $4.5 trillion moved in the first quarter of 2026. Stablecoin market capitalization was near $320 billion and supply measures were close to $306 billion. Real-world payments volume doubled in 2025 to about $400 billion, with business-to-business flows representing an estimated 60 percent of that total.

Titan listed in April 2025 and raised $276 million in its initial public offering. OpenPayd and Titan expect to file an S-4 registration statement with the U.S. Securities and Exchange Commission in the coming months; that filing will include audited financial statements, growth projections and detailed risk disclosures. Closing remains subject to customary regulatory approvals and the vote of Titan shareholders.