OpenTrade, a UK-based stablecoin yield infrastructure provider, raises $17 million in new funding to expand its platform. Multiple outlets report that the round brings OpenTrade’s total funding to more than $30 million. The company says it plans to use the investment to scale stablecoin yield infrastructure and to keep pace with market demand. One report links the funding to OpenTrade’s growth metrics, noting that the platform’s total value locked (TVL) has surpassed $200 million, while another highlights a focus on supporting global clients. PYMNTS and other coverage state that Mercury Fund and Notion Capital lead the round, with additional participation from other backers. The reporting also describes OpenTrade’s target customers as neobanks and fintech firms seeking stablecoin yield-related services. Overall, the sources describe the funding as aimed at expanding infrastructure capacity rather than changing the core business, with OpenTrade positioning the new capital as additional runway for scaling operations.
OpenTrade raises $17M to expand stablecoin yield infrastructure
OpenTrade, a UK-based stablecoin yield infrastructure provider, raises $17 million in new funding to expand its platform. Multiple outlets report that the round brings OpenTrade’s total funding to mor...
- OpenTrade, a UK-based stablecoin yield infrastructure provider, raises $17 million in new funding.
- The round brings OpenTrade’s total funding to more than $30 million.
- Reports say OpenTrade’s platform TVL has surpassed $200 million.
- Mercury Fund and Notion Capital lead the $17 million round, with additional participation.
- OpenTrade says it plans to expand stablecoin yield infrastructure for clients including neobanks and fintechs.
Stablecoin infrastructure platform OpenTrade has raised $17 million in new funding. The strategic round brings the U.K.-based startup’s total funding to more than $30 million and gives OpenTrade “the runway to scale at the pace the market is demanding,” as the company said in a post on LinkedIn Wednesday (May 6). Mercury Fund and Notion Capital led the round, with participation […] The post OpenTrade Raises $17 Million to Meet Stablecoin Infrastructure Demand appeared first on PYMNTS.com.
3 months agoOpenTrade raised $17 million to expand its stablecoin yield platform, bringing total funding above $30 million as it scales stablecoin yield infrastructure for global clients.
3 months agoOpenTrade raises $17 million as the stablecoin platform tops $200 million in TVL and expands infrastructure targeting neobanks and fintechs.
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