The fintech firm secured a MiCA license as it prepares to go public via a SPAC merger valuing it at $1.1 billion.
OpenPayd has obtained a Markets in Crypto-Assets (MiCA) license from EU regulators, positioning itself for stablecoin adoption in Europe. The approval coincides with its planned public listing in the U.S. through a merger with Titan Acquisition Corp, a special purpose acquisition company (SPAC).
The deal, announced in June, values OpenPayd at approximately $1.1 billion and is expected to close in Q4 2026, pending regulatory and shareholder approvals. Shares would trade on Nasdaq under the ticker “OP” if completed. OpenPayd, founded in 2018 by fintech entrepreneur Ozan Ozerk, also operates European Merchant Bank, a digital bank based in Lithuania.
The MiCA license enhances OpenPayd’s regulatory standing as it targets growth in Europe’s crypto payments sector. No immediate market reaction was reported following the announcement.