OpenTrade Completes $17M Funding Round Led by Mercury Fund and Notion Capital on May 6

According to BlockBeats, London-based crypto startup OpenTrade completed a $17 million strategic funding round on May 6, bringing its total funding to over $30 million. Mercury Fund and Notion Capital led the round, with participation from a16z crypto, AlbionVC, and CMCC Global.

OpenTrade, a platform for institutional-grade on-chain and real-world asset-backed lending and stablecoin yield products, plans to use the funds to expand infrastructure between permissioned and permissionless systems. Key expansion products include a permissionless protocol layer and Curation+, a vault curation framework designed to build yield strategies between real-world and on-chain assets for fintech companies, neobanks, treasuries, and asset issuers.