OpenTrade Raises $17 Million to Expand Stablecoin Yield Platform
OpenTrade secured $17 million in funding to expand its stablecoin yield infrastructure and asset management capabilities.Summary
OpenTrade, an institutional-grade platform specializing in onchain and real-world asset (RWA)-backed lending, has raised $17 million in a strategic funding round led by Mercury Fund and Notion Capital. This new capital will be used to expand the company's permissioned and permissionless yield infrastructure, grow its Curation+ vault service, and scale its engineering, asset management, and customer success teams.
CEO David Sutter expressed optimism regarding the regulatory landscape, specifically mentioning the CLARITY Act. While debates continue regarding stablecoin rewards, Sutter believes the industry faces strong regulatory tailwinds. The platform's legal architecture is designed to maintain compliance with both traditional finance and digital asset standards while serving a global client base.
Founded in 2023, OpenTrade has already surpassed $200 million in total value locked (TVL). The company's infrastructure utilizes tokenized vaults to allocate capital across RWAs and DeFi strategies. With this latest round, OpenTrade's total funding reaches $30 million, with previous backing from investors including a16z Crypto, Circle Ventures, and Polygon Ventures.
(Source：Cointelegraph)