OpenFX announced its emergence from stealth with $23 million in funding. OpenFX is building a real-time, open, transparent FX network that enables near-instant settlement of cross-border transactions. The company’s platform dramatically reduces payment friction by making FX transfers 99% faster and up to 90% cheaper, while operating 24/7/365 – eliminating the constraints of banking hours, weekends, and holidays. OpenFX’s multi-layer liquidity architecture leverages next-generation financial technology to connect traditional banking rails with digital-native systems, enabling 90% of transactions to settle in under 60 minutes, compared to the industry standard of 2-7 days. The company’s capital-efficient liquidity model eliminates the need for massive balance sheets typically required by traditional FX providers. Over the last 12 months, OpenFX has validated its cross-border payment platform and settlement network at scale, processing billions in transactions across the top G20 FX pairs while maintaining institutional-grade security and reliability. Early customers have witnessed a remarkable transformation in their FX money movement experience, resulting in 8-10x growth in quarter-over-quarter volumes. In one striking example, a recently onboarded client scaled from zero to $100 million in transaction volume within just 17 days of integration.