OpenFX Completes $94M Funding Round, Valued at $500M

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OpenFX has raised $94 million at a $500 million valuation, with Accel, Lightspeed Faction, M13, and Northzone leading the round. The company uses stablecoins to connect banking and blockchain, enabling fast, low-cost cross-border settlements. Over 98% of transactions settle in under an hour, and annual payment volume has surged to $45 billion. The funding will support expansion into Southeast Asia and Latin America. The company’s growth occurs amid a bullish market phase, with the Fear & Greed Index reflecting strong investor confidence.

ChainCatcher report: OpenFX, a startup focused on foreign exchange market-making and cross-border payments, has raised $940 million in funding, led by Accel, Lightspeed Faction, M13, Northzone, and other institutional investors, bringing its post-money valuation to approximately $5 billion. OpenFX enables faster and lower-cost settlement for large cross-border funds by using stablecoins as a bridge between banking systems and blockchain infrastructure. The company states that over 98% of transactions on its platform settle within 60 minutes, with its annualized payment processing volume increasing from approximately $4 billion to $45 billion. OpenFX plans to use the new funding to expand into Southeast Asia and Latin American markets.

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