Stablecoin infrastructure platform OpenTrade closed a $17 million funding round on Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing its total funding to over $30 million.
The London-based company said the funding would be used to expand its permissioned and non-permissioned infrastructure and to support its plans to grow its asset management and trading teams.
This increase follows previous support from a16z Crypto and comes as OpenTrade expands its offerings for fintechs, exchanges, wallets and institutional clients seeking stablecoin-based yield products.
The company provides support and infrastructure that enables fintechs, exchanges and wallets to offer stable yield products backed by real-world assets (RWA). OpenTrade said it has a total value locked in excess of $200 million and claims to have processed a trading volume of more than $250 million last year.
“OpenTrade has made it easy for fintechs and neobanks to integrate a stable yield of institutional-grade coins into their products,” said David Sutter, CEO and co-founder of OpenTrade. “The platform is expanding to serve non-custodial platforms, treasuries and asset issuers who are looking for “a secure and scalable way to connect stablecoins to diversified yield strategies,” he added.
The stablecoin market has reached a supply of more than $310 billion, driving demand for infrastructure that connects digital assets to yield strategies in traditional and decentralized finance, the startup said.
UPDATE (May 6, 2026 at 2:00 p.m. UTC): Changes OpenTrade’s TVL to $200 million.
