OpenTrade raises $17m to power the stablecoin yield infrastructure layer
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OpenTrade, the stablecoin yield infrastructure platform used by fintechs and exchanges, has today announced a $17 million strategic funding round led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global. The round brings total funding to over $30m, building on earlier backing from investors including Circle, the issuer of USDC.
The capital will be used to expand OpenTrade’s permissioned and permissionless infrastructure and to grow its Curation+ investment services. It will also support the expansion of the asset management and trading team, additional engineering capacity, and a dedicated customer success function as the platform broadens its product suite.
The funding comes on the back of a breakout year. OpenTrade has surpassed $200m in total value locked, processed more than $250m in transaction volume in 2025, and expects to clear approximately $1bn in transaction volume in 2026. The global stablecoin market has now grown to over $300bn in supply, with institutional demand for safe, scalable yield infrastructure, outpacing what most teams can build in-house.
OpenTrade provides plug-and-play infrastructure that lets fintechs, exchanges, neobanks, non-custodial wallets and treasuries offer dollar- and euro-denominated yield products backed by real-world and on-chain assets – without building their own investment, custody or compliance stack. Customers include Littio, Midas Kripto and Glim.
The platform now operates across three pillars:
- Its core permissioned infrastructure for fintechs and exchanges.
- A permissionless protocol layer that issues freely transferable, position-tracking tokens, already live through Sierra Protoco, whose liquid yield token SIERRA is backed by curated vaults blending money market funds, commercial paper and trade finance with on-chain strategies.
- Curation+, a set of sophisticated vault curation services that design and run complex strategies across real-world and on-chain assets. Curation+ already powers products in production, including blended RWA and DeFi portfolios for neobank partners and a delta-neutral staking strategy, Stablecoin Staking Yield, developed with Figment.
Working with an FCA-regulated asset manager, each asset integrated into an OpenTrade vault undergoes a formal investment committee review. Through this framework, OpenTrade can integrate a wide range of real-world and on-chain assets into curated strategies.
“OpenTrade has made it simple for fintechs and neobanks to plug institutional-grade stablecoin yield into their products,” said David Sutter, Co-Founder and CEO of OpenTrade. “As we grew, it became clear that our infrastructure could also serve non-custodial platforms, treasuries, and asset issuers that all need the same thing: a safe, scalable way to connect stablecoins to diversified yield strategies. This raise allows us to scale that infrastructure and support a much broader range of use cases without compromising on risk management or quality of execution.”
“OpenTrade is rapidly becoming the definitive yield infrastructure at the intersection of fiat and digital currencies. Its expansion into permissionless distribution and curated vaults is a natural next step, opening access for asset issuers and treasury managers globally. This fundraise reflects the clear market demand for yield curation and orchestration across TradFi, CeFi, and DeFi markets”
Jay Wilson, Partner, AlbionVC
