OpenTrade raises $17 million to expand stablecoin yield infrastructure

CoinFeed reported on May 6th that London-based crypto startup OpenTrade has completed a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others, bringing its total funding to over $30 million. OpenTrade provides institutional clients with on-chain and real-world asset-backed lending and stablecoin yield products, and plans to use this round of funding to expand its infrastructure in permissioned and permissionless scenarios. Its products include a permissionless protocol layer and the yield vault portfolio framework Curation+, which enables fintech companies, digital banks, vaults, and asset issuers to design yield strategies across RWA and on-chain assets.