Tuesday, January 27th – The first-ever Financial Conduct Authority (FCA) regulated digital asset exchange, Archax, went public with an upcoming partnership with OpenPayd, one of the leading providers of financial infrastructure. The goal of this partnership is to aid industrial participation and workflows at scale in digital asset markets by streamlining global fiat settlements.
The primary lynchpin to minimizing settlement issues and speeding up reconciliation is OpenPayd’s infrastructure. With OpenPayd’s instant USD, GBP, and EUR settlements, payments will be processed seamlessly across Archax’s web of institutional partners. On top of this, OpenPayd will be responsible for withdrawals and settlements across Archax’s client network.
Furthermore, OpenPayd’s account structure could prove vital for efficiency gains for Archax and its clients. Archax will gain access to a centralized, fully regulated treasury environment to manage multi-currency fiat flows. This, in turn, simplifies operations, and accelerates settlement cycles for liquidity partners, on top of improved reconciliation and visibility in fiat flows. All of these are factors becoming more relevant as institutions lean toward complex digital asset trading strategies.
CEOs Stand in Unison Highlighting Partnership Benefits
The CEOs of both companies have published statements on what they expect from the partnership.
Archax CEO and co-founder, Graham Rodford, stated: “As the adoption of digital assets by institutions continues to grow and scale, it is vital to have credible, streamlined, efficient fiat payment and settlement rails in place to support them – as well as to explore new innovations like stablecoins and digital cash.” Continuing by highlighting his trust in OpenPayd: “This partnership with OpenPayd does just that. We are pleased to be working with them to leverage their proven infrastructure and deliver further on our vision.”
The CEO of OpenPayd, Iana Dimitrova, shared similar sentiments: “Archax has built one of the most credible institutional platforms in digital assets, combining regulatory clarity with deep liquidity. By supporting their multi-currency settlement infrastructure, we’re eliminating friction in the fiat-to-crypto interface, where many institutional players still face operational headaches. Together, we’re helping make institutional digital asset trading more reliable and operationally seamless.”
About Archax
Archax is an international digital asset exchange, custodian, and broker primarily dealing with institutional clients. The company was founded by TradFi experts, with divisions based in the US, EU, UAE, and the UK. The platform operates across the digital asset space, ranging from cryptocurrencies to tokenized real-world assets(RWA). Archax allows TradFi institutions to reach into the space of DeFi through its worldwide, compliant on-chain capital markets infrastructure. The company’s reach covers every part of a token’s lifespan, from fundraising and issuance to custody and trading.
To find out more, visit Archax’s website at www.archax.com or contact [email protected].
About OpenPayd
OpenPayd is a financial infrastructure provider creating a rail-agnostic system. With €130 billion+ in annual volumes, OpenPayd works with some of the biggest trading platforms out there. These platforms, including Kraken, eToro, B2C2, and OKX, gain access to a rail-agnostic platform where they can manage their funds as they see fit across digital assets and fiat. OpenPayd offers on/off ramps for stablecoins, as well as embedded accounts and domestic/international payments. For OpenPayd clients, this ensures TradFi and DeFi assets are entirely interoperable.
On the back of this, OpenPayd aims to become the leading infrastructure provider in a new digital economy.
To learn more about OpenPayd and its products, go to www.openpayd.com or reach out via email at [email protected].
Ilija is a CCN writer with 7 years of experience covering all things crypto. Ever since a fateful run-in with Litecoin in 2013, he's been an avid investor and writer in the space. When he's not maniacally hacking away at his keyboard, Ilija spends his time either hiking in nature or holed up in his apartment gaming.
