OpenTrade, a new British infrastructure platform for listed and other securities established in 2023, has closed a funding round of European €6.1 million strategic capital. The company underpins RWA-backed stablecoin yield products and drives broader access to dollar- and euro-denominated yields. OpenTrade is currently managing total assets of €41.1 million for its clients. In fact, the past year, the company has seen almost €174 million in transaction volume while reaching a stellar 20% average month-over-month growth the last half-year.

Their platform operates on a B2B2C “yield-as-a-service” model. Allowing FinTechs, exchanges, and neobanks to easily plug RWA-backed yields into their own user experiences. OpenTrade is an institutional-grade platform for real-world asset-backed USDC & EURC yield products. This tactic provides more than 5 million retail borrowers to obtain competitive APR rates. Through various partnerships, they can get 3-9% on their USD and EUR holdings.

OpenTrade’s clients include companies like Belo, BuenBit, Littio and Criptan. Criptan, a Spanish fintech, uses OpenTrade to guarantee up to 6% yield on EURC. The funding will allow OpenTrade to continue to build out the infrastructure and operations needed to bring OpenTrade to the forefront of the fast-growing financial technology sector.

"OpenTrade is building core financial infrastructure for the next generation of FinTech. Their rapid growth underscores both the scale of demand and the strength of their model. They are solving a fundamental gap in the market with the potential to revolutionize global access to high-quality, yield-bearing accounts. It’s exactly the kind of high-conviction FinTech opportunity we look for at Mercury." - Samantha Lewis, Partner at Mercury

OpenTrade hopes to tap into the lucrative stablecoin market, which has a total market cap of more than $240 billion. The company’s ethos is rooted in giving stablecoin holders the infrastructure they need to make the most of their stablecoins through yield.

"With a market cap of over $240bn, the stablecoin market is now a force to be reckoned with. OpenTrade is in a unique position to build the industry’s much needed infrastructure, and to enable stablecoin holders to benefit from yields. Having created an impressive full-stack platform, and earned relationships with the financial industry’s heavyweights; Dave, Jeff, Tom and the team are in a strong position to capitalise, and to lead the market for years to come. We are extremely excited to collaborate with them, as they continue to build and scale the OpenTrade infrastructure." - Itxaso del Palacio

"Notion and Mercury are exceptional B2B investors with a strong track record of backing category-defining companies, and we’re thrilled to partner with them," - Dave Sutter