what's OpenFX?
OpenFX is a payment infrastructure company specializing in real-time cross-border foreign exchange (FX) settlements. It leverages blockchain technology and stablecoins to enable 24/7 instant money movement across borders, connecting liquidity providers through a global network for seamless transactions. The platform addresses traditional FX limitations by offering 90% faster settlement times and up to 80% cost reductions compared to legacy systems. Developers and financial institutions can integrate its APIs to facilitate efficient, programmable FX payments without intermediaries.
OpenFX is a Nascent "Neo Finance" portfolio company, listed with Ethena, Dai, and Neutrl.
Links
x.com/openfx_Mentioned by Nascent as one of their portfolio companies in the "Neo Finance" category alongside Ethena, Dai, Neutrl, Reservoir, Morpho, Superstate, and Stable.
OpenFX processes tens of billions in monthly volume serving large fintech providers, scaling from $500k in March 2024 to $34 billion annualized TPV by October 2025. Founder Prabhakar Reddy previously co-founded FalconX, an $8 billion digital asset prime broker.