OpenPayd and LMAX Accelerate Multi Currency FX Settlement

Key Points:

• OpenPayd supports LMAX FX settlement in GBP, EUR, USD
• Integration reduces settlement times from days to hours
• Unified infrastructure connects fiat and stablecoin settlement rails

London-based financial infrastructure provider OpenPayd has entered into a partnership with LMAX Group to deliver multi-currency settlement infrastructure aimed at enhancing post-trade efficiency across the trading venue operator’s global operations.

Announced on 25 February 2026, the agreement enables OpenPayd to support foreign exchange (FX) settlement for LMAX Group in GBP, EUR and USD. According to the companies, the integration is designed to reduce settlement windows from multiple days to a matter of hours by aligning post-trade processes more closely with the real-time execution environment of institutional FX markets.

LMAX said it is also expanding its currency offering beyond the initial fiat currencies to facilitate additional FX rails across its digital asset platforms. The companies stated that the infrastructure will allow LMAX to manage settlement across traditional currencies and digital assets within a connected framework.

The partnership follows LMAX’s recent integration with Ripple to support settlement in RLUSD stablecoin. Ripple’s enterprise payment flows also operate on OpenPayd’s infrastructure. As a result, LMAX now manages fiat settlement through OpenPayd and stablecoin settlement through Ripple within what the firms describe as a unified ecosystem.

LMAX operates multiple institutional venues across FX and digital assets, serving funds, banks, brokerages and buy-side institutions in more than 100 countries. The group’s portfolio includes LMAX Exchange, an FCA-regulated multilateral trading facility (MTF) and MAS-regulated recognised market operator (RMO); LMAX Global, regulated by the FCA and CySEC; and LMAX Digital, a GFSC-regulated execution venue and custodian. The company maintains matching engines in London, New York, Tokyo and Singapore to support high-volume, latency-sensitive trading activity.

OpenPayd provides embedded accounts, FX services, domestic and international payments, Open Banking capabilities and stablecoin on- and off-ramps via a single API. The company processes more than $180 billion in annual transaction volumes for over 1,000 businesses, according to figures provided in the announcement. Clients include eToro, Kraken, OKX and B2C2.

Jenna Wright, Managing Director, Digital Assets at LMAX Group, said the partnership strengthens the firm’s ability to deliver “fast, reliable settlement across multiple currencies and asset types,” adding that the integration is intended to reduce operational friction and improve efficiency across its venues.

Iana Dimitrova, Chief Executive Officer of OpenPayd, said the collaboration supports FX and CFD markets that “operate at pace,” and aims to enhance post-trade settlement processes for institutional trading venues.