OpenFX Raises $94M Series A to Expand Cross-Border Stablecoin Payments

• Stacey George
• April 1, 2026
• Business
• 0 Comments

OpenFX has raised $94 million in a Series A round to scale cross-border stablecoin payments, giving the payments infrastructure company fresh capital as it pushes for deeper reach across global settlement corridors.

What OpenFX Announced in Its Series A

In its official announcement, OpenFX said on March 31, 2026 that the new funding will be used to scale global operations for cross-border stablecoin payments. The company also said the round was led by Accel, Atomico, Lightspeed Faction, M13, Northzone, and Pantera, with support from Flybridge and Hash3.

OpenFX tied that fundraising case to operating scale, saying it now moves over $45 billion a year across borders and that 98% of its transactions settle in under 60 minutes. Those are company-stated figures rather than audited disclosures, but they explain why investors would treat the business as infrastructure already in production rather than a pilot-stage payments experiment.

Prabhakar Reddy used the announcement to frame stablecoins as a shift in financial plumbing, not just another crypto asset narrative.

“stablecoins could do for money what the internet did for information.”

Prabhakar Reddy in OpenFX’s Series A announcement

Why Cross-Border Stablecoin Payments Are Drawing Capital

Cross-border transfers still run into banking cutoffs, prefunding requirements, and corridor-by-corridor liquidity gaps. OpenFX’s claim that 98% of transactions settle in under 60 minutes is the concrete data point behind this raise, because faster settlement only matters if it can be delivered consistently at commercial scale.

Reuters said OpenFX plans to expand in Southeast Asia and Latin America as stablecoin adoption rises. OpenFX’s own announcement adds that global licensing, banking relationships, and corridor-by-corridor liquidity expansion remain the hard part of execution, which is why this market is ultimately about regulated distribution as much as payment speed.

That operating challenge is visible across the sector. Nftenex has tracked similar infrastructure competition in Ripple’s cross-border payments collaboration with Convera and Injective’s USDC cross-chain payments expansion, where the commercial edge depends on local rails, not just token settlement.

Reuters reported that OpenFX previously raised $23 million in 2025 and now operates in the U.S., UK, UAE, and India. That sequence matters because it shows investors are funding a payments network that has already built a multi-market footprint, not a single-corridor proof of concept.

What This Means for the Stablecoin Payments Market

The funding round suggests investors increasingly see stablecoins as payment infrastructure rather than only trading collateral. OpenFX’s own caveat about licensing, banking access, and liquidity depth means the company’s reported over $45 billion a year in cross-border volume will matter more if that throughput can be extended into new corridors without slowing settlement performance.

Policy is part of that next phase. Readers following the compliance side of this market can compare the commercial story here with Delaware’s stablecoin bill and the Senate-White House tentative stablecoin yield deal, both of which show how much payment scale still depends on clearer rules around issuance, custody, and redemption.

The main signal from OpenFX is narrower and more useful than startup hype: capital is still flowing to firms that can show live payment volume, faster settlement, and room to add corridors. The next milestones for this company are likely to be partnerships, corridor launches, and regulatory expansion, because those are the bottlenecks OpenFX itself has identified in turning stablecoin payments into durable global infrastructure.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Digital asset markets and payment infrastructure investments carry risk. Always do your own research before making decisions.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.