Archax partners with OpenPayd to boost institutional fiat settlement

By Vriti Gothi

London-based digital asset exchange Archax has partnered with financial infrastructure provider OpenPayd to enhance fiat settlement across its global trading operations, as institutional participation in digital assets continues to expand.

The collaboration will see Archax integrate OpenPayd’s regulated financial infrastructure to facilitate instant settlement in GBP, EUR and USD. The arrangement is designed to support flows between Archax and its network of institutional liquidity partners, while also enabling withdrawal and settlement services for clients.

The move addresses a persistent operational challenge in digital asset markets: efficient and resilient fiat settlement. As trading volumes and institutional strategies become more sophisticated, fragmented payment rails and manual reconciliation processes can introduce delays and counterparty risk. By operating within a shared infrastructure environment, Archax and OpenPayd aim to reduce settlement friction, accelerate reconciliation processes and improve operational visibility across multi-currency flows.

OpenPayd’s account structure will provide Archax with a unified treasury framework to manage its core fiat currencies within a compliant environment. The centralised model is intended to shorten settlement cycles with liquidity partners and reduce the complexity associated with managing multiple banking relationships—an increasingly important capability as institutional desks scale digital asset trading activities.

Archax, which is authorised and regulated by the UK Financial Conduct Authority (FCA) as an exchange, broker and custodian for digital assets, has positioned itself as an institutional-focused platform. The partnership aligns with a broader market shift toward integrating regulated financial infrastructure into crypto trading workflows, particularly as firms explore stablecoins and other forms of digital cash to complement traditional payment rails.

Iana Dimitrova, CEO of OpenPayd, said, “the collaboration aims to address operational inefficiencies at the fiat-to-crypto interface. By supporting their multi-currency settlement infrastructure, we’re eliminating friction where many institutional players still face operational headaches. Together, we’re helping make institutional digital asset trading more reliable and operationally seamless.”

The partnership reflects a broader trend within the sector toward embedding regulated payment and treasury infrastructure directly into digital asset platforms, as market participants seek to align crypto market operations more closely with institutional standards for liquidity, risk management and compliance.