OpenFX Launches Ventures Arm to Back Stablecoin Payments Startups

Miami Fort Lauderdale, FL, October 15, 2026 —

OpenFX has launched OpenFX Ventures, an investment arm intended to partner with early-stage founders working to modernize international payments using stablecoins, according to the information provided about the launch.

The new venture has already invested in two Miami-based fintech companies: Jeeves and Cyclops. No details were provided about the size, timing or terms of either investment, or about the specific products or projects the companies are pursuing with OpenFX’s backing.

OpenFX is described as a financial infrastructure company with a growing hub in Miami. The available information does not specify when the venture was established, who will lead it, how much capital it has available or whether it plans to make additional investments. It also does not identify the founders involved in the partnership or outline how OpenFX Ventures will select prospective companies.

The stated focus is early-stage businesses working on international payments that use stablecoins. The announcement provides no further detail on how OpenFX defines that investment focus or what milestones it expects partner companies to reach. It also does not describe the role OpenFX may play beyond partnering with founders.

For now, Jeeves and Cyclops are the only investments identified. Additional information about the funding, the companies’ plans and the venture’s investment strategy was not provided. The launch establishes OpenFX Ventures as a new part of OpenFX’s activities, while the available details leave its scale and future investment plans unspecified.

Story summarized from the original created by Doreen Hemlock on refreshmiami.com, see more information here.

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