OpenTrade raises $17M to plug stablecoin yield into fintechs and neobanks.

OpenTrade closed a $17 million funding round led by Mercury Fund and Notion Capital, with a16z Crypto, AlbionVC and CMCC Global also participating — bringing total funding past $30 million. The London-based, FCA-regulated platform lets fintechs, exchanges and wallets offer stablecoin yield products backed by real-world assets.

The company reported $5.67 million in total value locked and more than $250 million in transaction volume last year, operating against a stablecoin market that now exceeds $310 billion in supply. CEO David Sutter said the platform is expanding beyond permissioned infrastructure to serve non-custodial platforms, treasuries and asset issuers looking for diversified yield strategies.

The capital will fund growth of OpenTrade's asset management and trading teams as demand builds for infrastructure bridging $USDT and $USDC liquidity into traditional yield instruments.