OpenTrade, a London, UK-based provider of a platform for real world asset-backed stablecoin yield products, raised $4M in Seed extension.
The round was led by AlbionVC.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO David Sutter, OpenTrade is an institutional-grade platform for RWA-backed lending and stablecoin yield products. The platform provides FinTechs with a white-label solution that allows them to power USDC and EURC yield products for their users, who can access them easily, and the security guarantee of a bankruptcy-remote, time-tested legal framework.
To date, OpenTrade’s products have processed over $100M in total transaction volumes for clients like Littio, which have empowered stable USD-denominated wealth generation opportunities for over 100,000 end users.
FinSMEs
27/11/2024