OpenTrade raises $17M as CEO sees stablecoin yield tailwinds
OpenTrade raised $17 million to expand its stablecoin yield platform, bringing total funding above $30 million as it scales stablecoin yield infrastructure for global clients.
OpenTrade, an institutional-grade platform for onchain and real-world asset (RWA)-backed lending and stablecoin yield products, has raised fresh capital to expand its yield infrastructure.
The platform secured $17 million in its latest strategic funding round led by Mercury Fund and Notion Capital, OpenTrade said in a Wednesday announcement seen by Cointelegraph.
The new funding will support the continued expansion of OpenTrade’s permissioned and permissionless yield infrastructure, as well as the growth of its vault-focused service Curation+, CEO David Sutter told Cointelegraph.