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OpenTrade completes $17 million strategic funding round, led jointly by Mercury Fund and Notion Capital
Deep Tide TechFlow News, May 6th, according to The Block, London-based crypto startup OpenTrade completed a $17 million strategic funding round led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global, bringing total funding to over $30 million.
OpenTrade stated that the new funds will be used to expand its stablecoin yield infrastructure aimed at fintech companies, new banks, fund management institutions, and asset issuers, including an permissionless protocol layer and a vault curation framework called Curation+. The company said that by 2025, it has processed over $250 million in transactions, and by the end of 2026, it is expected to exceed $1 billion; its total value locked (TVL) has previously surpassed $200 million.