- The business recently handled more over $250 million in transactions in 2025 and exceeded $200 million in total value locked (TVL).
- AlbionVC, CMCC Global, and a16z Crypto all participated in the round, increasing OpenTrade’s total funding to more over $30 million.
In a strategic fundraising round headed by Mercury Fund and Notion Capital, OpenTrade, a stablecoin yield infrastructure platform used by fintechs and exchanges, has received $17 million.
The business recently handled more over $250 million in transactions in 2025 and exceeded $200 million in total value locked (TVL). AlbionVC, CMCC Global, and a16z Crypto all participated in the round, increasing OpenTrade’s total funding to more over $30 million.
Due to the extensive use of US dollar-pegged digital assets like USDT and USDC, the global stablecoin market has already reached a total supply of over $300 billion. Platforms like OpenTrade are essential for fintechs, neobanks, and non-custodial wallets seeking to provide secure, scalable stablecoin yields since this expanding industry is driving unprecedented demand for yield infrastructure.
Initially, OpenTrade gained popularity by offering plug-and-play infrastructure that allows fintechs, exchanges, and neobanks to provide stablecoin yield products backed by real-world assets to millions of consumers denominated in dollars and euros. Without developing their own investment, custody, or infrastructure systems, the platform enables businesses like Littio, Midas Kripto, and Glim to supply these products.
New use cases emerged as the company grew. Asset issuers started looking for decentralized market distribution methods. Non-custodial platforms and wallets searched for methods to allow their users earn yield without managing money directly. Additionally, institutions and treasuries started looking for carefully chosen, mandate-driven yield strategies that could be implemented without creating internal investing teams.
OpenTrade added two more pillars to its infrastructure—a permissionless protocol layer and Curation+—to satisfy this requirement. Designed to satisfy institutional demands and expectations, Curation+ is a collection of advanced vault curation services that create and execute intricate plans spanning RWAs and on-chain assets. The method is already utilized in production products, such as blended RWA and DeFi portfolios for neobank partners and a delta-neutral staking strategy created with Figment called Stablecoin Staking Yield, that completely abstract any complexity or operational burden related to managing yield generation.
“OpenTrade has made it simple for fintechs and neobanks to plug institutional-grade stablecoin yield into their products,” said David Sutter, Co-Founder and CEO of OpenTrade. “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. 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 has already exceeded last year’s volumes, exceeding $300 million in the first four months, and anticipates processing around $1 billion in transactions in 2026.
Building on this trend, OpenTrade has implemented its infrastructure as a permissionless protocol that produces position-tracking tokens that are freely transferable. Without developing their own infrastructure, asset issuers—both conventional and on-chain—can utilize the system to access decentralized finance distribution channels. By sending deposits into OpenTrade-powered vaults while staying completely outside of the money flow, non-custodial platforms may include yield products.
With its first deployment via Sierra Protocol, the infrastructure is now operational. SIERRA, Sierra’s liquid yield token, is supported by carefully chosen vault methods that combine on-chain strategies run by OpenTrade with real-world assets including money market funds, commercial paper, and trade finance.
Additionally, OpenTrade has formalized its investment strategy services under Curation+, which are intended for platforms looking for institutional-grade portfolio design and execution as well as on-chain treasuries.
Every asset included into an OpenTrade vault is subject to a formal investment committee evaluation in collaboration with an asset manager subject to FCA regulation. Prior to inclusion, this procedure assesses strategy exposure, diversification, performance history, risk profile, jurisdiction, structure, and liquidity.
This architecture allows OpenTrade to include a variety of on-chain and real-world assets into carefully chosen strategies. These include more intricate tactics like looping bets with proven DeFi collateral and diversified real-world asset portfolios.
Curation+ integrates active strategy creation and execution with regulated asset management supervision, in contrast to many DeFi vault curators who just choose protocols. OpenTrade is able to satisfy the reporting and risk management requirements set by institutional customers thanks to this framework.
“OpenTrade is rapidly becoming the definitive yield infrastructure at the intersection of fiat and digital currencies. Its expansion into permissionless distribution and curated vaults is a natural next step, opening access for asset issuers and treasury managers globally. This fundraise reflects the clear market demand for yield curation and orchestration across TradFi, CeFi, and DeFi markets” said Jay Wilson, Partner at AlbionVC.
“Demand for safe, scalable, stablecoin yield is outpacing what the vast majority of teams can realistically build and manage themselves,” said Samantha Lewis, Partner at Mercury. “OpenTrade abstracts away all complexity associated with the technology, risk management, and execution, giving platforms and treasuries a simple path to well-managed, transparently structured yield products.”
The additional cash will help OpenTrade expand its Curation+ investing offerings and its infrastructure, both permissioned and permissionless. To serve its expanding clientele, the firm intends to develop a dedicated customer success department, enhance engineering capacity, and enlarge its asset management and trading staff.
“Starting from yield, Opentrade has a unique opportunity to own the Stablecoin infrastructure layer. This matters now because regulatory clarity is arriving, institutional demand is accelerating, and the rails are still pre-consolidation.” said Itxaso del Palacio, General Partner at Notion Capital. “The infrastructure gaps that matter most, including compliance and orchestration, treasury and liquidity management, and cross-border B2B payments, remain wide open, and Opentrade is positioned to own them.”
OpenTrade is an institutional-grade platform for stablecoin yield products and on-chain and real-world asset-backed lending. The OpenTrade platform, which is supported by investors such as Circle and a16z Crypto, is designed to enable any business to power its own stablecoin yield products for its users, who can rely on OpenTrade’s enterprise-grade technology systems and the security guarantees of our tried-and-true legal protections and bank-grade asset management operations.
