OpenPayd Delivers Multi-currency Settlement Infrastructure for LMAX Group

OpenPayd, a leading provider of financial infrastructure, has announced a partnership with LMAX Group (“LMAX”), the leading global cross-asset marketplace for FX and digital assets, to enhance settlement efficiency across its global operations.

Through the partnership, LMAX settles FX trades in GBP, EUR and USD using OpenPayd’s infrastructure, supporting more efficient post-trade settlement across its institutional FX operations. LMAX is expanding the currency offering beyond the mentioned fiat to facilitate several FX rails within its digital asset platforms. The integration enables LMAX to better align settlement timelines with the real-time nature of FX trading, reducing settlement windows from days to hours.

As trading venues increasingly operate across both traditional and digital markets, the ability to manage settlement consistently across asset types has become a growing priority. The partnership builds on LMAX’s recent integration with Ripple for RLUSD stablecoin settlement. With Ripple’s enterprise payment flows also operating on OpenPayd’s infrastructure, LMAX now manages both fiat settlement, via OpenPayd, and stablecoin settlement, via Ripple, within a connected ecosystem. This allows LMAX to streamline settlement across traditional currencies and digital assets without introducing additional layers of complexity.

LMAX operates in high-volume, latency-sensitive markets where settlement certainty is critical. OpenPayd’s infrastructure underpins this requirement by providing a unified settlement environment that reduces operational friction and supports efficient liquidity management across currencies. For FX and CFD trading activity executed on LMAX, the partnership improves the speed and predictability of settlement by strengthening the venue’s underlying settlement processes.

As institutional trading venues increasingly support multiple asset classes, from FX and CFDs to digital assets, settlement infrastructure has become a critical point of convergence. The collaboration between OpenPayd and LMAX reflects this shift, providing a settlement framework designed to support cross-asset trading activity while maintaining the reliability and control required in institutional markets.

Jenna Wright, Managing Director, Digital Assets, LMAX Group said, “The need for unified, high-performance settlement infrastructure has never been greater. Our partnership with OpenPayd strengthens LMAX Group’s ability to deliver fast, reliable settlement across multiple currencies and asset types, supporting the scale and resilience our clients expect. By integrating OpenPayd’s infrastructure into our global ecosystem, we are reducing friction, increasing operational efficiency and ensuring our venues remain at the forefront of modern, cross-asset market structure.”

Iana Dimitrova, Chief Executive Officer at OpenPayd, said, “FX and CFD markets operate at pace, and settlement infrastructure must keep up. By supporting LMAX’s FX settlement and strengthening its post-trade settlement operations, we are helping trading venues reduce friction and operate with greater efficiency and confidence.”

She added, “This partnership demonstrates the value of infrastructure-led collaboration. When trading venues and financial infrastructure providers operate within a connected ecosystem, settlement becomes more predictable, more scalable and better aligned with how modern markets function.”