"OpenFX announced on March 31, 2026, that it raised $94 million in Series A funding led by investors including Accel, Atomico, and Pantera. Founded in 2024, the company utilizes stablecoins as intermediary settlement rails to connect traditional banking systems with digital-native infrastructure for near-instant Foreign Exchange (FX) conversion."
"The platform provides institutional-grade liquidity across more than 40 trading pairs and has grown its annualized payment volume from $4 billion to over $45 billion. The new capital supports expansion into Southeast Asian markets and the deepening of Latin American corridors where cross-border friction remains high."
"Institutions should not have to wait multiple business days to move capital across borders, said Prabhakar Reddy, Founder and CEO of OpenFX."
OpenFX secured $94 million in Series A funding to expand its real-time stablecoin settlement services. The funding was led by Accel, Atomico, and Pantera. Founded in 2024, OpenFX connects traditional banking systems with digital infrastructure for quick Foreign Exchange conversion. The platform offers liquidity across over 40 trading pairs and increased its annual payment volume from $4 billion to over $45 billion. The new capital will facilitate expansion into Southeast Asia and strengthen Latin American corridors, addressing cross-border capital movement delays.
Read at news.bitcoin.com
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