OpenTrade, an institutional-grade platform for onchain and real-world asset (RWA)-backed lending and stablecoin yield products, has raised fresh capital to expand its yield infrastructure.<\/p>\n
The platform secured $17 million in its latest strategic funding round led by Mercury Fund and Notion Capital, OpenTrade said in a Wednesday announcement seen by Cointelegraph.<\/p>\n
The new funding will support the continued expansion of OpenTrade\u2019s permissioned and permissionless yield infrastructure, as well as the growth of its vault-focused service Curation+, CEO David Sutter told Cointelegraph.<\/p>\n
\u201cThe company also 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,\u201d Sutter said.<\/p>\n
CEO positive on regulation amid CLARITY Act debate over stablecoin rules<\/h2>\n
The raise comes as US lawmakers debate how stablecoin rewards should be regulated under the CLARITY Act, a broader digital asset market structure bill that has been delayed partly by disputes over whether crypto firms should be allowed to offer interest-like incentives on stablecoin balances. Sutter expressed optimism over recent progress around the stalled legislation<\/a>.<\/p>\n CLARITY is nearing a Senate Banking Committee vote after a compromise between crypto and banking stakeholders. The deal would allow usage-based rewards<\/a> like cashback or discounts on stablecoin activity but prohibit yield on idle balances<\/a>.<\/p>\n OpenTrade surpassed $200 million in total value locked (TVL) in April. Source: <\/em>OpenTrade<\/em><\/a><\/p>\n \u201cOur structure is derived from securities lending in traditional finance, but adapted to the lending of stablecoins instead of securities,\u201d Sutter said, adding that there may be market-specific nuances affecting availability to institutional or qualified investors.<\/p>\n Sutter told Cointelegraph that the legal architecture underpinning the platform has been purpose-built to offer its products to clients globally while maintaining compliance with existing traditional finance and digital asset regulatory standards.<\/p>\n \u201cThere are strong regulatory tailwinds for the industry at large, which will be conducive to continued growth for stablecoins,\u201d Sutter added.<\/p>\n Related: <\/strong><\/em>Ripple CEO says market structure bill not \u2018done deal,\u2019 despite compromise<\/strong><\/em><\/a><\/p>\n Founded in 2023, OpenTrade seeks to provide scalable and compliant yield products for fintechs and institutional investors.<\/p>\n OpenTrade\u2019s infrastructure routes user deposits into tokenized vaults that allocate capital across a mix of yield sources, primarily RWAs such as fixed-income instruments, alongside selected decentralized finance (DeFi) strategies. Each vault follows a defined allocation strategy and operates through smart contract-based mechanisms that manage deposits, track positions and distribute returns.<\/p>\n OpenTrade vaults (an excerpt). Source: <\/em>OpenTrade<\/em><\/a><\/p>\n The latest funding round brings OpenTrade\u2019s total funding to $30 million and included backing from prominent industry investor a16z Crypto. The London-based company previously raised<\/a> $7 million in a strategic round led by Mercury Fund and Notion Capital in June 2025, following a $4 million seed round<\/a> in November 2024.<\/p>\n OpenTrade also secured<\/a> funding from investors such as Circle Ventures and Polygon Ventures in May 2023, while announcing plans to launch a platform for USDC-denominated investments and tokenized financial assets.<\/p>\n OpenTrade co-founders Dave Sutter and Jeff Handler previously worked at Centre, a now-dissolved consortium of Circle and Coinbase providing standards governance for the USDC stablecoin.<\/p>\n Magazine: <\/strong><\/em>Will the CLARITY Act be good \u2014 or bad \u2014 for DeFi?<\/strong><\/em><\/a><\/p>\n<\/div>\nCircle Ventures was an early investor in OpenTrade<\/h2>\n
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