rewrite this title Stablecoin Infrastructure Platform OpenTrade Raises $7 Million – Finovate

OpenTrade has raised $7 million in seed funding, boosting its total raised to $15.7 million.

The company will use the funds to scale its “yield-as-a-service” stablecoin infrastructure platform.

OpenTrade helps fintechs embed real-world asset-backed yields into digital wallets using USDC and EURC.

Stablecoin infrastructure-as-a-service platform OpenTrade received $7 million in a Seed round this week. The funds boost the UK-based company’s total raised to $15.7 million, $11 million of which has been secured within the past six months alone.

Today’s round was led by Notion Capital and Mercury Fund. Existing investors AlbionVC, a16z crypto, and CMCC Global also participated. In addition to today’s investor lineup, OpenTrade’s other investors include the likes of a16z Crypto and Circle.

“Notion and Mercury are exceptional B2B investors with a strong track record of backing category-defining companies, and we’re thrilled to partner with them,” said OpenTrade CEO Dave Sutter. “Combined with a16z’s leadership, and Albion and CMCC’s deep expertise, we have the network, experience, and momentum to scale globally and help unlock access to dollar-based savings for individuals historically outside the reach of traditional financial systems.”

OpenTrade aims to help businesses offer stable, reliable ways to earn yield using digital dollars (USDC) and euros (EURC). Founded in 2023, OpenTrade connects blockchain-based assets with traditional banking infrastructure to make earning interest on digital currencies simple, safe, and compliant. Its “yield-as-a-service” model that lets fintech clients including Belo, BuenBit, Littio, and Criptan embed yields that are backed by real-world assets into everyday user experiences.

Its easy-to-integrate tools allow fintech apps and digital wallets to offer yield products to their users at the click of a button, all secured by strong legal protections and institutional-grade operations. The company currently manages $47 million for clients and has processed nearly $200 million in transactions over the past year.

OpenTrade will use today’s funds to accelerate its go-to-market strategy by focusing on its product development, boosting its engineering capabilities, and increasing its operational capacity.

“OpenTrade is building core financial infrastructure for the next generation of fintech,” said Mercury Partner Samantha Lewis. “Their rapid growth underscores both the scale of demand and the strength of their model. They are solving a fundamental gap in the market with the potential to revolutionize global access to high-quality, yield-bearing accounts. It’s exactly the kind of high-conviction fintech opportunity we look for at Mercury.”

Stablecoin infrastructure is particularly impactful in geographies with unstable financial infrastructure that offers minimal yield and limited access to foreign currency accounts. In such regions, stablecoins not only provide a practical way to pay across borders, but they can also offer the opportunity for residents to earn a yield on savings. OpenTrade, for example, leverages a partnership with Littio to allow users in Colombia to earn up to 6% on USDC balances, when they have traditionally been limited to earning just 0.4% APR on funds held in traditional bank accounts.

OpenTrade’s latest funding round highlights growing investor confidence in the role stablecoins can play in democratizing access to financial services. As demand rises for yield-bearing products that are both secure and accessible across the globe, OpenTrade is poised to be a leader in the stablecoin infrastructure space.

Photo by anna-m. w.

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