OpenPayd, a London-based financial infrastructure provider, has announced a new partnership with SCRYPT, a Swiss-licensed company offering crypto solutions for institutional clients.

The partnership will enhance SCRYPT’s Euro payment capabilities, supporting its aim to provide efficient, compliant settlement services to institutions.

SCRYPT handles billions in institutional trading volume each month and works with a broad client base, including traditional financial institutions, Web3 companies, institutional and retail brokers, fintech firms, payment service providers, family offices and banks.

OpenPayd’s platform supplies the fiat infrastructure required by companies such as SCRYPT to manage and scale their financial operations.

By gaining access to OpenPayd’s pan-European infrastructure and a network of more than 200 digital asset businesses, SCRYPT can now offer its clients round-the-clock EUR transfers.

This integration removes the need for third party payment systems, providing direct and continuous transaction capabilities.

Gabriel Titopoulos, Managing Director of Markets and Trading at SCRYPT, said:

“Partnering with OpenPayd allows us to offer instant Euro rails that match the speed and security expectations of our institutional clients. We see OpenPayd as a valuable addition to our growing network of trusted providers, supporting our continued commitment to deliver fast and seamless institutional grade settlement solutions.”

Lux Thiagarajah, Chief Commercial Officer at OpenPayd, said:

“Our mission is to provide a universal financial infrastructure that empowers innovators like SCRYPT to move and manage money globally. Through our proprietary platform, and deep network of digital asset firms, we are enabling faster, safer and more scalable payment flows, powering the future of the digital economy.”

Featured image credit: Edited by Fintech News Switzerland, based image by Freepik