London-based financial infrastructure provider OpenPayd said on Sept. 2 that it completed the regulatory alignment needed to bring MSB USA Inc. and 43 state money transmitter licenses under its corporate umbrella. The move gives OpenPayd a regulated route into much of the U.S. payments market, although there is no single federal money transmitter license, and services remain subject to state laws, compliance reviews and agreements with third-party financial institutions.
MSB USA is registered with the Financial Crimes Enforcement Network as a money services business and is not a bank. Its services include domestic and international transfers, payment collection, processing support and settlement for approved business customers. OpenPayd specified 43 licenses, while MSB USA’s website identifies NMLS number 1550212 and says the business is licensed in more than 40 states; a separate profile claims 45 states, and the discrepancy was not explained. The company did not disclose the acquisition price, payment structure or expected integration cost.
The expansion follows OpenPayd’s authorization under the European Union’s Markets in Crypto Assets framework, granted by the Malta Financial Services Authority. OpenPayd says it serves more than 1,200 clients, including crypto businesses Kraken, eToro, OKX and B2C2, and provides payment accounts, foreign exchange, virtual IBANs and embedded payment services through an API.
OpenPayd reported annual recurring revenue above $96 million as of July 31 and annualized transaction volume above $300 billion globally. The company said it is profitable and has not raised outside capital. Founder Ozan Ozerk framed programmable money as the infrastructure layer for the next era of finance, contrasting it with correspondent banking’s role in the twentieth century.
The U.S. licensing milestone comes ahead of OpenPayd’s proposed business combination with Titan Acquisition Corp. The deal, signed on June 1, values OpenPayd at up to $1.145 billion in pro forma equity value and is expected to close in the fourth quarter of 2026. The transaction includes a $130 million minimum proceeds condition, requires Titan shareholder approval and regulatory clearances, and would list the combined company on Nasdaq under the proposed ticker OP. Titan’s existing Class A shares and warrants trade under TACH and TACHW.
