Stablecoin cross-border payment infrastructure company OpenFX has raised $940 million in funding, led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, with a post-money valuation of approximately $5 billion. OpenFX connects banking systems with blockchain infrastructure through stablecoins, enabling faster and lower-cost settlement for large cross-border fund transfers, with over 98% of transactions settled within 60 minutes. The platform’s annualized payment processing volume has increased from approximately $4 billion to $45 billion. The company plans to use the funds to expand into Southeast Asia and Latin America.
OpenFX Completes $94M Funding at $500M Valuation
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Summary
OpenFX, a stablecoin cross-border payment infrastructure project, has secured $94 million in funding, reaching a $500 million valuation. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera. OpenFX connects traditional banking with blockchain to enable fast, low-cost settlements. Over 98% of transactions settle within 60 minutes, with annualized volume rising to $45 billion. The company plans to expand into Southeast Asia and Latin America. On-chain data reflects growing adoption of stablecoin-based solutions in global finance.
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