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The New York-based infrastructure steadfast OpenFX has secured $94 cardinal successful Series A backing to grow its real-time stablecoin colony rails crossed planetary markets.
OpenFX announced connected March 31, 2026, that it raised $94 cardinal successful Series A backing led by investors including Accel, Atomico, and Pantera. Founded successful 2024, the institution utilizes stablecoins arsenic intermediary colony rails to link accepted banking systems with digital-native infrastructure for near-instant Foreign Exchange (FX) conversion.
The level provides institutional-grade liquidity crossed much than 40 trading pairs and has grown its annualized outgo volume from $4 cardinal to implicit $45 billion. The caller superior supports enlargement into Southeast Asian markets and the deepening of Latin American corridors wherever cross-border friction remains high.
“Institutions should not person to hold aggregate concern days to determination superior crossed borders,” said Prabhakar Reddy, Founder and CEO of OpenFX.
🧭 FAQs
• What is the superior relation of the OpenFX platform? The level uses stablecoins to alteration near-instant FX conversion and cross-border colony for institutions.
• Which geographic regions are targeted for the caller expansion? OpenFX is expanding into Southeast Asian markets and deepening its existing Latin American outgo corridors.
• How overmuch annualized outgo volume does OpenFX presently process? The institution has scaled its operations to transcend $45 cardinal successful annualized outgo volume.
• Who led the caller Series A concern round? The backing circular included large organization information from firms similar Accel, Atomico, Northzone, and Pantera.
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