OpenFX acquires Global Ledger, launching multi-currency accounts for fintech

The real-time cross-border capital flow platform OpenFX announced the acquisition of Global Ledger, with its founder Tyler McIntyre appointed as the head of banking. At the same time, it launched a multi-currency account service. McIntyre previously co-founded the new bank Novo, which serves over 300,000 businesses and is valued at over $700 million.

The account allows customers to make payments in local currency, and companies can hold received funds directly without the need for immediate conversion. OpenFX has launched the USD account in its first phase, which can receive and send funds to over 100 countries through ACH, Fedwire, and SWIFT, and supports instant connection with stablecoins like USDC.