
Prabhakar Reddy
Founder and CEO of OpenFX, the cross-border payments company he started in 2024; previously co-founded crypto prime broker FalconX and worked at Accel.
2
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2
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Sep 8, 2026
Rebuilding Cross-Border Payments with Prabhakar Reddy of OpenFX
1:05
1:24
A
1:01AbhilHOST
It's a pleasure

Prabhakar ReddyGUEST
When did you start the business? All right, so the company was officially started in January of 2024, but the idea and the research was happening a few months prior to that.

Prabhakar ReddyGUEST
You know, I actually went down this rabbit hole of peeling various layers of the onion to understand how global cross-border money moment works.
7 MINS LATER
A
8:40AbhilHOST
Yeah, that's collections.
Blockchain's Threat to Banking
2:42
S
2:23Simon TaylorHOST
Do you want to tell the story of your journey from Falcon X to seeing queues outside of Western Union?

Prabhakar ReddyGUEST
So for decades, I saw lines and lines outside, you know, all of these Western Unions and reputations houses.
8 MINS LATER
S
11:13Simon TaylorHOST
But talk to me about like, do you see this, you know, the business you're in and stable coins more broadly, one day being more competitive in the G10 currency space and solving more problems beyond it? Or is this sort of a long tail market story?