Funding follows recent $200M+ TVL milestone and $250M transaction volume in 2025


LONDON, Embargoed until May 6, 9 am ET: OpenTrade, a stablecoin yield infrastructure platform used by fintechs and exchanges, has raised $17 million in a strategic funding round led by Mercury Fund and Notion Capital.

The company recently surpassed $200 million in total value locked (TVL) and processed more than $250 million in transaction volume in 2025. The round also included participation from a16z Crypto, AlbionVC, and CMCC Global, bringing OpenTrade’s total funding to over $30 million.

The global stablecoin market has now grown to over $300 billion in total supply, driven by widespread adoption of US dollar–pegged digital assets like USDT and USDC. This growing market is fueling unprecedented demand for yield infrastructure, making platforms like OpenTrade critical for fintechs, neobanks, and non-custodial wallets looking to offer safe, scalable stablecoin returns.

OpenTrade first gained traction by providing plug-and-play infrastructure that enables fintechs, exchanges, and neobanks to offer millions of users dollar- and euro-denominated stablecoin yield products backed by real-world assets. The platform allows companies such as Littio, Midas Kripto, and Glim to deliver these products without building their own investment, custody, or infrastructure systems.

As the business scaled, new use cases emerged. Asset issuers began seeking distribution channels through decentralized markets. Non-custodial wallets and platforms looked for ways to enable their users to earn yield without directly handling funds. Institutions and treasuries also began seeking curated, mandate-driven yield strategies that could be deployed without building internal investment teams.

To meet this demand, OpenTrade expanded its infrastructure into two additional pillars: a permissionless protocol layer and Curation+. Curation+ is a set of sophisticated vault curation services that design and run complex strategies across both RWAs and on-chain assets, built to meet institutional requirements and expectations. The approach is already used in production products which entirely abstract any complexities or operational burden associated with managing yield generation, including blended RWA and DeFi portfolios for neobank partners and a delta-neutral staking strategy developed with Figment known as Stablecoin Staking Yield.

“OpenTrade has made it simple for fintechs and neobanks to plug institutional-grade stablecoin yield into their products,” said David Sutter, Co-Founder and CEO of OpenTrade. “As we grew, it became clear that our infrastructure could also serve non-custodial platforms, treasuries, and asset issuers that all need the same thing: a safe, scalable way to connect stablecoins to diversified yield strategies. This raise allows us to scale that infrastructure and support a much broader range of use cases without compromising on risk management or quality of execution.”

OpenTrade expects to process approximately $1 billion in transaction volume in 2026 and has already surpassed last year’s volumes, reaching $300M within the first four months. Building on this momentum, OpenTrade has deployed its infrastructure as a permissionless protocol that issues freely transferable, position-tracking tokens. Asset issuers, both traditional and on-chain, can use the system to access decentralized finance distribution channels without building their own infrastructure. Non-custodial platforms can integrate yield products by directing deposits into OpenTrade-powered vaults while remaining entirely outside the flow of funds.

The infrastructure is already live with its first implementation through Sierra Protocol. Sierra’s liquid yield token, SIERRA, is backed by curated vault strategies combining real-world assets such as money market funds, commercial paper, and trade finance with on-chain strategies managed through OpenTrade.

OpenTrade has also formalized its investment strategy services under Curation+, designed for on-chain treasuries and platforms seeking institutional-grade portfolio design and execution.

Working with an FCA-regulated asset manager, each asset integrated into an OpenTrade vault undergoes a formal investment committee review. This process evaluates strategy exposure, diversification, performance history, risk profile, jurisdiction, structure, and liquidity before inclusion.

Through this framework, OpenTrade can integrate a wide range of real-world and on-chain assets into curated strategies. These include diversified real-world asset portfolios and more complex strategies such as looping positions using established DeFi collateral.

Unlike many DeFi vault curators that primarily select protocols, Curation+ combines regulated asset management oversight with active strategy design and execution. This structure allows OpenTrade to meet the risk management and reporting standards expected by institutional clients

“OpenTrade is rapidly becoming the definitive yield infrastructure at the intersection of fiat and digital currencies. Its expansion into permissionless distribution and curated vaults is a natural next step, opening access for asset issuers and treasury managers globally. This fundraise reflects the clear market demand for yield curation and orchestration across TradFi, CeFi, and DeFi markets” said Jay Wilson, Partner at AlbionVC.

“Demand for safe, scalable, stablecoin yield is outpacing what the vast majority of teams can realistically build and manage themselves,” said Samantha Lewis, Partner at Mercury. “OpenTrade abstracts away all complexity associated with the technology, risk management, and execution, giving platforms and treasuries a simple path to well-managed, transparently structured yield products.”

The new funding will support the continued expansion of OpenTrade’s permissioned and permissionless infrastructure, as well as the growth of its Curation+ investment services. The company plans to expand its asset management and trading team, increase engineering capacity, and build a dedicated customer success function to support its growing client base.

“Starting from yield, Opentrade has a unique opportunity to own the Stablecoin infrastructure layer. This matters now because regulatory clarity is arriving, institutional demand is accelerating, and the rails are still pre-consolidation.” said Itxaso del Palacio, General Partner at Notion Capital. “The infrastructure gaps that matter most, including compliance and orchestration, treasury and liquidity management, and cross-border B2B payments, remain wide open, and Opentrade is positioned to own them.” 

About OpenTrade

OpenTrade is an institutional-grade platform for on-chain and real-world asset-backed lending and stablecoin yield products. Backed by investors including a16z Crypto and Circle, the OpenTrade platform has been built to allow any company to power their own stablecoin yield products for their users, who can trust in OpenTrade’s enterprise-grade technology systems, and the security guarantees of our time-tested legal protections and bank-grade asset management operations.

For more information, visit https://www.opentrade.io/.