Vol. 1 · 7 Jun 2026
tempowiki
OpenFX logo
activepayments app

OpenFX

Real-time 24/7 FX liquidity.

Website ↗
Data completeness
83%
Confidence
93%
Sources
5
Last reviewed
7 Jun 2025
The take

What to know

OpenFX is institutional cross-border payment and FX infrastructure that uses stablecoin rails to provide 24/7, near-real-time settlement across 40+ currency pairs. Founded in 2024 by Prabhakar Reddy and backed by a $94M Series A, it operates as a Tempo ecosystem/infrastructure partner rather than a token issuer or consumer wallet.

Best for

  • +Remittance companies and neobanks/fintechs expanding cross-border corridors
  • +Payment service providers needing always-on, near-real-time FX settlement
  • +Institutions wanting stablecoin-based cross-border money movement

Watch out

  • B2B/institutional infrastructure — not a retail-facing app individuals can use directly
  • Engages Tempo as an ecosystem/infrastructure partner, not as a token issuer (Tempo has no native token)
  • Coverage spans 40+ currency pairs, so a given corridor may or may not be served
The record

Key facts

What it does
Institutional cross-border payment and FX infrastructure that uses stablecoin rails (and local payment networks) to deliver 24/7, near-real-time global settlement.· 95%
Founded
2024 (the company says it started in January 2024).· 95%
Total Funding
$94M Series A, led by Accel, Atomico, and Lightspeed.· 97%
Role on Tempo
Listed as a Tempo infrastructure / ecosystem partner helping bring stablecoin payments onchain.· 90%
Currency Coverage
40+ currency pairs / cross-border corridors.· 90%
The timeline

History

  • 2024-01

    OpenFX started

    OpenFX says it began in January 2024 to modernize institutional cross-border FX and payments.

  • 2025-12

    Added to Tempo partner cohort

    Tempo's infrastructure-partner update listed OpenFX among ecosystem partners supporting the goal of bringing stablecoin payments onchain.

  • 2026-03

    Series A announced

    OpenFX announced a $94M Series A led by Accel, Atomico, and Lightspeed to scale its settlement network.

Questions

FAQ

What does OpenFX do?
It provides institutional cross-border payment and FX infrastructure, using stablecoin rails for 24/7, near-real-time settlement across 40+ currency pairs.
Does OpenFX have a native token?
No. OpenFX is settlement infrastructure built on stablecoin rails and participates in Tempo as an ecosystem/infrastructure partner. Tempo itself has no native token.
Who is OpenFX built for?
Institutional, B2B clients — remittance companies, neobanks and fintechs, and payment service providers — not individual retail users.
What is OpenFX's role on Tempo?
Tempo lists OpenFX as an infrastructure/ecosystem partner helping bring stablecoin payments onchain.