In a strategic move reshaping how investors access private-market opportunities, OpenPayd has teamed up with Altify, a leading app for tokenized private-market investing. The partnership aims to deliver seamless multi-currency on/off ramps for fiat deposits and withdrawals.
The collaboration allows Altify’s users, reportedly around 80,000 investors, to deposit and withdraw funds in EUR, GBP, and USD. They can use payment rails like SEPA, Faster Payments, and SWIFT. This integration bridges traditional fiat banking with digital-asset infrastructure, enabling investors to move money between traditional currencies and tokenized assets with ease.
Why This Partnership Matters
Altify offers a unified platform where users can invest in tokenized real-world assets (RWAs), spanning private credit, commodities, stocks, and crypto, through a single interface. However, such investing requires smooth, reliable fiat-to-digital rails, especially for global investors dealing with multiple currencies. That’s where OpenPayd’s on/off-ramp infrastructure comes in.
OpenPayd is a London-based banking-as-a-service provider founded in 2018. It offers a comprehensive suite of services including multi-currency accounts, virtual IBANs, payments, foreign exchange, and crypto/fiat on-off ramps. All these services are accessible via a single API.
With this partnership, Altify investors gain the flexibility to fund their accounts or withdraw returns in their preferred fiat currency. OpenPayd’s regulated infrastructure ensures compliance and supports high-volume, cross-border operations. This makes it simpler for Altify to serve a global investor base without building its own banking rails.
What It Means for Investors and the Tokenized Asset Market
- Frictionless onboarding and exit: Investors no longer need to manage multiple banking relationships or deal with complex international transfers. Deposits and withdrawals in EUR, GBP, or USD can be executed via familiar payment rails such as SEPA, Faster Payments, or SWIFT.
- Unified fiat and digital asset experience: Whether investing in traditional securities tokenized on-chain, private equity, commodities, or crypto, users get a smooth flow from fiat to digital and back, in one platform.
- Regulation and compliance: OpenPayd is a regulated financial services provider, giving investors greater confidence that onboarding, transfers, and settlements comply with legal and regulatory standards.
- Global accessibility: With support for multiple currencies and major payment rails, Altify is better positioned to serve investors across different regions. This reduces barriers of currency conversion and cross-border banking complexity.
Industry observers view this as another example of how interoperability between traditional finance (fiat banking) and digital finance (tokenized assets, crypto) is becoming essential. This is especially true as real-world assets gain traction in blockchain-based investing.
FAQs
Q: What exactly does “on/off ramp” mean in this context?
A: Here, “on-ramp” refers to converting fiat currency (e.g., EUR, GBP, USD) into deposits usable on a digital/investment platform. “Off-ramp” means withdrawing fiat back to bank accounts. The partnership lets Altify users move money in and out seamlessly.
Q: Which currencies and payment rails are supported under this partnership?
A: The integration supports EUR, GBP, and USD, using payment rails such as SEPA (for Euros), Faster Payments (for GBP), and SWIFT (for USD). This enables global deposits and withdrawals.
Q: Who operates OpenPayd, and is it regulated?
A: OpenPayd is a London-based fintech firm founded in 2018. It offers banking-as-a-service, multi-currency accounts, virtual IBANs, and on/off-ramp infrastructure, all under regulatory compliance.
Q: What types of investments can users make on Altify after funding their account?
A: Altify enables investment in tokenized real-world assets (RWAs), including private credit, commodities, crypto, stocks, and various digital assets. It allows users to access private-market investment opportunities via tokenization.
Q: How does this partnership benefit global investors?
A: It reduces friction in cross-border banking, supports multiple currencies, ensures regulatory compliance, and offers a unified fiat-to-digital asset flow. This makes it simpler for investors worldwide to enter and exit tokenized private-market investments.
