OPENFX HITS $34B TPV AS CROSS-BORDER PAYMENTS SURGE

Summary from the TLDR Crypto newsletter

OpenFX has reached an annualized $34B in total payments volume (TPV) after adding $14B in October alone, more than its previous five months combined. The firm's rapid growth is fueled by its Latin American expansion, including corridors in Mexico, Argentina, Brazil, and Colombia, where 86% of transactions now settle in under 10 minutes despite volatile FX and regulatory conditions. OpenFX distinguishes its platform from “instant settlement” competitors by proving real institutional-scale settlements in minutes, not hours. Next, the company is expanding into Southeast Asia (Hong Kong, Singapore, and the Philippines) in Q1 2026, applying its deep liquidity, local rail integrations, and automated treasury model.