OpenTrade Raises $17M for Stablecoin Yield Expansion

London-based fintech OpenTrade has raised $17 million in a strategic funding round to expand its stablecoin yield infrastructure for institutional clients and fintechs worldwide. The round, announced Wednesday, was led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing the company's total funding to more than $30 million.

The capital will support growth in OpenTrade's permissioned and permissionless yield systems, including its vault-focused service Curation, which curates portfolios across real-world assets such as fixed-income instruments, money market funds, commercial paper and trade finance, alongside select decentralized finance strategies. OpenTrade routes user deposits into tokenized vaults managed by smart contracts that handle allocations, positions and returns. CEO David Sutter said the funds will also expand the asset management and trading teams, boost engineering capacity and create a dedicated customer success function to serve a growing client base that includes fintechs, neobanks, exchanges and asset issuers.

Founded in 2023 by Sutter and Jeff Handler, both former executives at Centre, the consortium...