Archax partners with OpenPayd to deliver faster, seamless GBP, EUR, and USD settlements, solving a major pain point for institutional crypto traders.
Key Takeaways
- Archax teams up with OpenPayd to support instant multi-currency fiat settlements in GBP, EUR, and USD for digital asset trades.
- The integration simplifies and accelerates institutional trading operations, helping reduce friction and reconcile transactions faster.
- OpenPayd provides a compliant, unified treasury environment for Archax to manage fiat flows efficiently.
- The move supports the growing demand from institutional players for faster and more reliable crypto-fiat payment rails.
What Happened?
Archax, the UK’s first FCA-regulated digital asset exchange, broker, and custodian, has announced a strategic partnership with OpenPayd, a financial infrastructure provider, to improve fiat settlement processes across its global operations. This collaboration aims to solve a long-standing challenge in digital asset trading by making multi-currency settlements faster and more reliable for institutional clients.
Partnership Aims to Modernize Institutional Payment Infrastructure
The partnership addresses a key bottleneck in the crypto space as more institutional investors enter the market. With large-volume trades becoming common, settlement processes need to be robust and responsive.
Archax will use OpenPayd’s infrastructure to offer instant settlements in GBP, EUR, and USD, with payments moving mainly between Archax and its institutional liquidity partners. This setup is designed to eliminate delays, support faster reconciliation, and improve overall efficiency in fiat-to-crypto workflows.
Graham Rodford, CEO and co-founder of Archax said:
Improved Visibility and Control for High-Volume Trades
Using OpenPayd’s compliant account structure, Archax now benefits from a centralised treasury environment that manages core fiat currencies under one platform. This helps reduce operational complexity, increases visibility across transactions, and shortens the time needed for settlements with liquidity providers.
OpenPayd’s system supports both client withdrawals and multi-currency reconciliations, giving institutional players the tools to manage high-volume trading activities with greater speed and accuracy.
Iana Dimitrova, CEO of OpenPayd said:
Archax and OpenPayd’s Broader Role in Institutional Finance
Archax continues to establish itself as a key bridge between traditional finance and digital assets, offering services that span token issuance, fundraising, trading, and custody. Its regulated status in the UK, EU, US, and UAE makes it a trusted platform for global institutional investors.
OpenPayd, on the other hand, brings its rails-agnostic API platform to power financial services across fiat and digital assets. Already trusted by big players like eToro and Kraken, OpenPayd processes over €130 billion annually and supports more than 800 businesses worldwide.
Together, their partnership supports a more mature and resilient infrastructure for digital asset trading at scale.
CoinLaw’s Takeaway
In my experience watching the crypto market evolve, the real hurdle for institutions has never just been price volatility or regulation. It’s always been about infrastructure. This move by Archax and OpenPayd tackles a pain point I hear often: settlements take too long and feel outdated. What excites me here is that this partnership doesn’t just plug a gap, it actively builds the highway institutions need to trade crypto like they trade stocks or FX. If we want traditional finance to fully embrace digital assets, these are the kinds of behind-the-scenes improvements that make it possible.
