OpenTrade has closed a $17 million funding round. The stablecoin yield platform now sits on over $30 million in total capital as it scales out institutional-grade infrastructure for RWA-backed lending and onchain yield products.
The round was led by Mercury Fund and Notion Capital, according to wire reports. The fresh capital goes toward expanding the platform’s permissioned and permissionless yield infrastructure and its Curation+ vault service. OpenTrade also plans to add headcount across asset management, trading, engineering, and customer success functions.
Stablecoin yield tailwinds gather as CLARITY Act nears vote
The funding comes whilst US lawmakers argue over how stablecoin rewards should be regulated under the CLARITY Act, a digital asset market structure bill that has been held up partly by disputes over whether crypto firms can offer yield on stablecoin balances. CEO David Sutter said he is positive on the recent progress around the stalled legislation.
CLARITY is nearing a Senate Banking Committee vote after a compromise between crypto and banking stakeholders. The deal would allow usage-based rewards such as cashback or discounts on stablecoin activity but prohibit yield on idle balances. OpenTrade’s structure, according to Sutter, is derived from securities lending in traditional finance but adapted to the lending of stablecoins instead of securities. There may be market-specific nuances affecting availability to institutional or qualified investors.
| Metric | Latest |
|---|---|
| New funding round | $17m |
| Total capital raised | $30m+ |
| Total value locked (April) | $200m+ |
| Lead investors | Mercury Fund, Notion Capital |
The legal architecture underpinning the platform has been purpose-built to offer its products to clients globally whilst maintaining compliance with existing traditional finance and digital asset regulatory standards, Sutter said. Strong regulatory tailwinds for the industry at large will be conducive to continued growth for stablecoins, he added.
OpenTrade vaults route capital into RWAs and DeFi
Founded in 2023, OpenTrade provides scalable and compliant yield products for fintechs and institutional investors. The platform’s infrastructure routes user deposits into tokenised vaults that allocate capital across a mix of yield sources, primarily RWAs such as fixed-income instruments, alongside selected decentralised finance strategies. Each vault follows a defined allocation strategy and operates through smart contract-based mechanisms that manage deposits, track positions, and distribute returns.
OpenTrade surpassed $200 million in total value locked in April. The latest funding round included backing from prominent industry investor a16z Crypto. The London-based company previously raised $7 million in a strategic round led by Mercury Fund and Notion Capital in June 2025, following a $4 million seed round in November 2024.
OpenTrade also secured funding from investors such as Circle Ventures and Polygon Ventures in May 2023, whilst announcing plans to launch a platform for USDC-denominated investments and tokenised financial assets. OpenTrade co-founders Dave Sutter and Jeff Handler previously worked at Centre, a now-dissolved consortium of Circle and Coinbase providing standards governance for the USDC stablecoin.
Next gate: the Senate Banking Committee vote on CLARITY. That’s the one that matters for the stablecoin yield tailwinds building across the sector.
This article is for information purposes only and does not constitute investment advice. Readers should not act on any information contained here without first consulting an authorised financial adviser. Past performance is not a reliable indicator of future results.
