1 min. read
OpenPayd and Fireblocks: Empowering Global Enterprises with Digital Asset Speed and Transparency
Benefits at a glance
Cross-border payments that settle in minutes, not days
Faster time-to-market and simplified compliance
Ability to serve to new markets and use cases by accessing Fireblocks customers through the Network for Payments
OpenPayd, a global financial infrastructure provider, is on a mission to simplify money movement for businesses worldwide by connecting traditional banking with the emerging world of digital assets. As Chief Commercial Officer, Lux Thiagarajah explains, the company is building “a universal financial infrastructure” that enables businesses to move and manage money seamlessly across borders, currencies, and now, blockchains.
OpenPayd set out to find a long-term partner who shared a similar ethos and could enable them to enhance their rail-agnostic platform. Fireblocks’ secure, compliant and multi-asset infrastructure was the trusted choice. Together, they’re driving the future of payments where stablecoins and blockchain rails enhance accessibility, speed, and transparency for global enterprises.
The Challenge: Navigating towards a borderless financial future
OpenPayd’s single API gives clients, from fintechs to enterprises, the ability to access a wide range of financial services across currencies and jurisdictions. But as Lux notes, the next wave of growth isn’t coming from established markets. There is a much bigger interest and demand for facilities and payments in emerging markets like Latin America, Africa, and Asia where access to dollar or euro banking is limited.
Legacy payment rails weren’t built with modern business needs in mind. OpenPayd recognized that traditional financial systems, where a SWIFT payment from Europe to Japan can take 2-3 days, was a blocker in businesses’ being able to scale, and there was a need for access to alternative rails. OpenPayd can now solve that pain point by offering an immediate on-ramp into stablecoin that is sent across to a trusted Fireblocks partner for off-ramp payout, all with visible costs and money landing where it’s needed quickly.
Stablecoins weren’t always part of OpenPayd’s business, it was client demand that changed that. Lux admits. In order to achieve their financial aspirations, OpenPayd required a secure tool that would unlock a borderless finance future.
Collaboration founded on credibility, security, and speed
Thiagarajah had known Fireblocks well before OpenPayd adopted it, having worked with the platform in previous roles. What stood out to him wasn’t just Fireblocks’ technical capability, but its credibility.
“It was a no-brainer that Fireblocks was the partner of choice. Fireblocks’ wallet infrastructure and compliance connectivity— whether with wallet checks or the travel rule -– reduced risk, operational oversight, and engineering needs. That’s how we were able to go to market with Fireblocks in two months.”
Lux Thiagarajah
Chief Commercial Officer
Fireblocks’ ability to support multiple blockchains, assets, and use cases mirrored OpenPayd’s own multi-rail ethos. Lux describes the partnership as an alignment of vision and capability that allowed OpenPayd to move at speed while maintaining regulatory rigor. “Fireblocks’ institutional-grade security and compliance make it the trusted name in a space where trust is everything,” he shared. With Fireblocks handling the complex infrastructure and compliance layers, OpenPayd could focus on growth, launching products faster and scaling with confidence.
Accelerating with Fireblocks’ Network for Payments
Partnering with Fireblocks allowed OpenPayd to support the growth of stablecoin payments quickly and securely. Via a single Fireblocks API, 2,400+ Fireblocks customers can use OpenPayd’s products and services without having to do any technical development and bridge fiat and blockchain rails while maintaining compliance standards. The collaboration now serves as a powerful educational and operational model for the wider financial ecosystem.
“Collaboration and credibility matter, so it was a no-brainer for us to partner with Fireblocks.”
Lux Thiagarajah
Chief Commercial Officer
Building a unified financial ecosystem
OpenPayd processes more than €150 billion in payments annually, and the partnership with Fireblocks continues to accelerate its expansion into new verticals and regions. “Our future success will be fueled by growth. More use cases, more markets, and more clients connected through our joint network,” Lux says.
As Fireblocks expands its payment network, OpenPayd is positioned to deliver faster, cheaper, and more inclusive financial solutions to businesses around the world.
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