# OpenFX

*Real-time 24/7 FX liquidity.*

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.

## At a glance

- **Type:** payments app
- **Category:** payments-apps
- **Status:** active
- **Website:** https://openfx.com

## 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. _(confidence 95%)_
- **Founded:** 2024 (the company says it started in January 2024). _(confidence 95%)_
- **Total Funding:** $94M Series A, led by Accel, Atomico, and Lightspeed. _(confidence 97%)_
- **Role on Tempo:** Listed as a Tempo infrastructure / ecosystem partner helping bring stablecoin payments onchain. _(confidence 90%)_
- **Currency Coverage:** 40+ currency pairs / cross-border corridors. _(confidence 90%)_

## Sources

1. [https://www.openfx.com/product](https://www.openfx.com/product)
2. [https://www.openfx.com/blog/introducing-openfx](https://www.openfx.com/blog/introducing-openfx)
3. [https://www.openfx.com/blog/announcing-openfx-s-94m-series-a](https://www.openfx.com/blog/announcing-openfx-s-94m-series-a)
4. [https://tempo.xyz/blog/infra-partners](https://tempo.xyz/blog/infra-partners)
5. [https://www.openfx.com/liquidity](https://www.openfx.com/liquidity)

---

Last reviewed: 7 Jun 2025  
Canonical: https://tempo.dataos.so/entity/openfx  
Source: tempowiki (https://tempo.dataos.so) — an independent, sourced reference for the Tempo ecosystem. Not affiliated with Tempo, Stripe, or Paradigm.