BTC $84,919.38 +0.45%
ETH $2,684.58 +0.27%
BNB $789.82 +2.33%
XRP $1.49 -0.07%
SOL $120.00 +0.57%
TRX $0.3362 +0.06%
DOGE $0.0931 -1.19%
ADA $0.2456 -1.64%
BCH $315.20 +2.04%
LINK $13.89 -1.52%
HYPE $88.99 +0.73%
AAVE $178.93 -1.63%
SUI $1.17 +1.50%
XLM $0.2142 -1.84%
ZEC $1,303.70 -4.73%
AAPL $333.39 +0.00%
AMZN $251.86 +0.29%
GOOGL $343.20 -0.13%
MSFT $518.16 +0.67%
META $729.01 +0.01%
NVDA $234.58 -0.05%
TSLA $370.65 -0.57%
SNDK $1,716.12 -0.19%
INTC $118.32 -1.61%
SPCX $159.06 +0.84%
MU $1,071.58 -0.71%
AMD $633.50 +0.41%
BTC $84,919.38 +0.45%
ETH $2,684.58 +0.27%
BNB $789.82 +2.33%
XRP $1.49 -0.07%
SOL $120.00 +0.57%
TRX $0.3362 +0.06%
DOGE $0.0931 -1.19%
ADA $0.2456 -1.64%
BCH $315.20 +2.04%
LINK $13.89 -1.52%
HYPE $88.99 +0.73%
AAVE $178.93 -1.63%
SUI $1.17 +1.50%
XLM $0.2142 -1.84%
ZEC $1,303.70 -4.73%
AAPL $333.39 +0.00%
AMZN $251.86 +0.29%
GOOGL $343.20 -0.13%
MSFT $518.16 +0.67%
META $729.01 +0.01%
NVDA $234.58 -0.05%
TSLA $370.65 -0.57%
SNDK $1,716.12 -0.19%
INTC $118.32 -1.61%
SPCX $159.06 +0.84%
MU $1,071.58 -0.71%
AMD $633.50 +0.41%

u.s.

All
Article
Flash

first_img OpenPayd plans to go public on Nasdaq by the end of the year and enter the U.S. market in April 2027

The London-based payment infrastructure company OpenPayd's CEO Iana Dimitrova told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and list on Nasdaq by the end of this year. The transaction is still subject to the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the implied equity value of OpenPayd in the transaction could reach up to $1.1 billion.OpenPayd provides account, foreign exchange, and domestic and international payment services to companies such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027. For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with an EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to a one-time transaction cost of $5.8 million related to this merger.Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. The listing will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering a private placement before the merger to raise growth capital.

first_img U.S. SEC Chairman: Plans to Establish a Framework for Cryptocurrency Asset Custody

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, issued a statement saying that the Commission proposed a plan this week to fill the regulatory gap regarding the custody of cryptocurrency assets by investment advisors and funds, providing a clear custody framework and compliance path for an asset class with increasing client demand.Atkins stated that the existing custody rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 were established before the advent of the internet, primarily targeting traditional assets and requiring the use of approved custodians. The custody capabilities for new cryptocurrency assets often lag behind the launch of the assets by several months. This proposal aims to address this issue while updating the custody rules for advisors and regulated funds that have not been revised for decades to align with current industry practices and feedback.The statement noted that this proposal is part of the SEC's regulatory framework for cryptocurrency assets. Related efforts include stopping the replacement of regulation with enforcement, issuing a no-action letter regarding the pilot program for the tokenization of securities by custodial trust companies by December 2025, publishing a classification description for tokenized securities in January 2026, and subsequent initiatives regarding the securities attributes of cryptocurrency assets, broker registration, Regulation Crypto Assets, and innovative exemptions for trading tokenized NMS stocks. Atkins indicated that more regulatory proposals will be forthcoming.
app_icon
ChainCatcher Building the Web3 world with innovations.