OpenTrade has completed a $17 million financing round, led by Mercury Fund and Notion Capital.

BlockBeats News, May 6th, London-based crypto startup OpenTrade has completed a $17 million strategic financing round, bringing its total funding to over $30 million. The round was led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global.

OpenTrade describes itself as an institutional-grade on-chain, real-world asset-backed lending and stablecoin yield product platform. The company stated that it will use this funding to expand its infrastructure between permissioned and permissionless systems. The target products of this expansion round include a permissionless protocol layer and Curation+, a vault curation framework designed to help fintech firms, neobanks, custody departments, and asset issuers build yield strategies between real-world assets and on-chain assets.

OpenTrade stated that unlike typical decentralized finance vault curators that mainly focus on protocol selection, Curation+ utilizes regulated asset management oversight to design portfolios between real-world assets and on-chain tools. OpenTrade also mentioned that its permissionless infrastructure allows traditional and on-chain asset issuers to access decentralized distribution channels through "position tracking tokens" without the need for proprietary infrastructure. At the time of this expansion plan, OpenTrade's total value locked (TVL) surpassed $200 million last year. The company expects its transaction volume to exceed $1 billion by the end of 2026—reaching over $250 million by 2025.