What does OpenTrade do?
OpenTrade provides an institutional-grade infrastructure platform that empowers FinTech companies to easily offer USDC and EURC stablecoin yield products with robust security measures, including a bankruptcy-remote structure and bank-grade operations.
How much did they raise?
The company raised $7M in a seed round led by Notion Capital and Mercury Fund, with participation from AlbionVC, a16z crypto, and CMCC Global, marking a significant milestone in its growth journey.
What are their plans for the money?
OpenTrade intends to use the funds to accelerate its go-to-market strategy through expanded product development, enhanced engineering capabilities, and increased operational capacity, which could further solidify its position in the financial technology space.
What have they achieved so far?
The company has already demonstrated strong traction by managing $47M for its clients and processing nearly $200M in transactions over the past year, while achieving a 20% month-over-month growth over the last six months.
