OpenTrade, an institutional-grade stablecoin yield platform used by fintechs and exchanges, has raised $17 million to scale its stablecoin yield infrastructure.

 

The capital was raised in a strategic funding round led by Mercury Fund and Notion Capital, with other investors including a16z Crypto, AlbionVC, and CMCC Global also participating in the round, bringing the total funds raised to more than $30 million.

 

 

As part of its expansion efforts, the new funding will be used to scale OpenTrade’s permissioned and permissionless blockchain infrastructure, as well as support the growth of its Curation+ investment services. The funding will also be used to expand OpenTrade’s engineering, asset management, and trading teams, while building a dedicated customer support team to serve its growing client base.

 

OpenTrade was initially designed to provide plug-and-play infrastructure that enables financial institutions, including fintechs, exchanges, and neobanks, to offer multicurrency dollar and euro-denominated stablecoin yield products without having to build their own investment, custody, or infrastructure systems.

 

However, as the stablecoin yield market expanded, companies began seeking additional capabilities. Asset issuers started looking for distribution channels through decentralized markets. Non-custodial wallets and platforms also began seeking ways to enable users to earn yield without directly handling funds, all without having to build stablecoin yield infrastructure or internal investment teams from scratch.

 

To meet this demand, OpenTrade expanded its infrastructure to include its permission protocol layer and Curation+ services. Curation+ is a suite of sophisticated vault curation services designed to create and manage complex investment strategies, removing the operational burden associated with yield generation.

 

This infrastructure, together with OpenTrade’s broader platform, is currently used by companies including Littio, Midas Kripto, and Glim to deliver stablecoin yield products without having to build infrastructure or investment teams from the ground up.

 

“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,” said David Sutter, OpenTrade’s CEO.

 

“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 recently surpassed $200 million in total value locked, or TVL, after processing more than $250 million in transaction volume last year. The team expects this volume to reach $1 billion by the end of the year and has already processed more than $300 million in transaction volume this year.