OpenPayd Expands US Reach with 43 State Licences

Financial infrastructure provider OpenPayd just grew its regulatory footprint in the United States by integrating MSB USA Inc into its group. This strategic step brings 43 state money transmitter licences under its umbrella, strengthening its position across North America for both fiat and digital assets.

Founder Dr. Ozan Ozerk noted that the company now holds regulated foundations spanning the United States, United Kingdom, and Europe. This expansion follows OpenPayd receiving authorization under the European Union Markets in Crypto Assets framework by the Malta Financial Services Authority earlier.

OpenPayd also reported strong financial growth, with annual recurring revenue climbing past 96 million dollars and transaction volume surpassing 300 billion dollars as of July. The firm serves over 1,200 clients globally, including major crypto exchanges like Kraken, OKX, and eToro.

Looking ahead, OpenPayd plans to enter the US public markets through a business combination with Titan Acquisition Corp. The deal values the company at up to 1.145 billion dollars, and the transaction is expected to close in the fourth quarter of this year, leading to a Nasdaq listing under the ticker OP.