What is OpenFX and how does it work?

OpenFX bridges traditional banking with digital infra using stablecoins for instant FX conversions and cross-border settlements, hitting 98% under 60 minutes.

How much funding did OpenFX raise and from whom?

$94M Series A from Accel, Atomico, Lightspeed, Faction, M13, Northzone, Pantera. Founded 2024 by ex-FalconX co-founder Prabhakar Reddy.

Will OpenFX replace traditional FX providers?

Not soon — legacy's sticky — but it's gaining traction with $45B annualized volume from fintechs dodging slow, costly rails.

💳 Payments & Transfers

OpenFX Bags $94M to Zap FX Delays with Stablecoins — But Who's Cashing In?

Silicon Valley's betting big on OpenFX's stablecoin FX fix — $94 million big. But after 20 years watching this circus, I'm asking: real revolution or recycled promises?

Fintech Pulse Apr 04, 2026 4 min read 41 views

Read in: Deutsch English Español Français Italiano 日本語 한국어 Português (BR) Русский Türkçe

OpenFX Series A funding announcement with stablecoin FX graphics and investor logos

⚡ Key Takeaways

OpenFX raised $94M Series A to expand stablecoin-based FX in SEA and LatAm. 𝕏
Claims $45B annualized volume with 98% settlements under 60 mins across 40+ pairs. 𝕏
Skeptical view: Promising but faces reg risks and legacy competition; echoes Ripple's hype. 𝕏

Published by

Fintech Pulse

Informed capital. Intelligent coverage.

#FX infrastructure #OpenFX #Series A funding #stablecoins

Worth sharing?

Get the best Finance stories of the week in your inbox — no noise, no spam.

Originally reported by Finextra

⚡ Key Takeaways

The 60-Second TL;DR

Fintech Pulse

Share this article

Worth sharing?

Related Stories

Stripe's $1.9T Payment Empire Eyes PayPal — And Beyond

$100 Trillion Handover: Will Stablecoins Actually Kill Legacy Payments?

SoFi's 24/7 Banking Hub: Dollars Meet Stablecoins in Real Time

Fed Exposes Stablecoin Myth: Trillions Idle, Payments a Pipe Dream

Stay in the loop