Trending Now - Openfx Secures $94M to Enhance Cross-border Payments With Stablecoins

WHO:

Reuters - OpenFX, an FX market-making and remittance startup, was launched by a co-founder of FalconX.

Cointelegraph - OpenFX is focused on expanding its stablecoin-based FX network.

WHAT:

Reuters - OpenFX raised $94 million in a funding round.

Cointelegraph - The funding round was a Series A round aimed at enhancing cross-border payments with stablecoins.

Reuters - The valuation of OpenFX is approximately $500 million.

WHERE:

Reuters - The funding round took place in the context of the FX market, which is global in nature.

WHEN:

Reuters - The funding round was announced on Tuesday, March 31st, 2026.

WHY:

Cointelegraph - The funding is intended to support the exploration of faster cross-border payment infrastructure.

HOW:

Reuters - The funding was led by Accel and included participation from other investors.

(UPDATED March 31, 2026 15:24 UTC)

OpenFX, a new FX market-making and remittance startup co-founded by a former FalconX executive, announced on Tuesday that it raised $94 million in a Series A funding round, bringing its valuation to approximately $500 million. The funding, led by Accel and supported by other investors, aims to enhance cross-border payments using stablecoins and explore faster payment infrastructure. OpenFX is focused on expanding its stablecoin-based FX network in the global FX market.