Overview
- OpenTrade, which closed a $17 million round Wednesday, lifted total funding above $30 million with Mercury Fund and Notion Capital leading and a16z Crypto, AlbionVC, and CMCC Global participating.
- The company says it will grow both permissioned rails for regulated clients and a permissionless protocol for onchain distribution, while hiring across asset management and trading.
- Its software lets fintech apps, exchanges, and wallets offer yield on dollar- or euro-based stablecoins by routing deposits into portfolios of real-world assets such as bonds and trade finance.
- Recent launches include a vault-curation service called Curation+ and a permissionless setup that issues transferable position tokens, with a first live rollout through Sierra Protocol.
- Reported scale remains unclear, with the firm citing more than $250 million in 2025 transaction volume and outlets publishing TVL figures that range from $5.67 million (CoinDesk) to over $200 million (CoinCentral and Blockonomi), while the company forecasts volume above $1 billion in 2026.