Stablecoin infrastructure platform OpenTrade closed a $17 million funding round on Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC, and CMCC Global, bringing its total funding to over $30 million.
The London-based company said the funding will be used to expand its licensed and unauthorized infrastructure and support plans to grow its trading and asset management teams.
The increase follows previous endorsement from a16z Crypto and comes as OpenTrade expands its offering for fintechs, exchanges, wallets and institutional clients seeking stablecoin-based yield products.
The company provides support and infrastructure that enables fintechs, exchanges and wallets to offer stablecoin performance products backed by real-world assets (RWA). OpenTrade said it has a total value locked of more than $200 million and claims it processed more than $250 million in transaction volume last year.
“OpenTrade has made it easier for fintechs and neobanks to incorporate the performance of institutional-grade stablecoins into their products,” said David Sutter, CEO and co-founder of OpenTrade. “The platform is expanding to serve non-custodial platforms, treasuries and asset issuers looking for “a secure and scalable way to connect stablecoins with diversified yield strategies,” he added.
The stablecoin market has grown to more than $310 billion in supply, driving demand for infrastructure that connects digital assets to generate strategies in traditional and decentralized finance, the startup said.
UPDATE (May 6, 2026 at 14:00 UTC): Modifies OpenTrade’s TVL to $200 million.
