London stablecoin startup OpenTrade raises $17 million to scale yield…

Team S · 2026-05-07T14:28:50.000Z

OpenTrade, a London-based stablecoin yield infrastructure platform, has raised $17 million in a strategic round led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC, and CMCC Global. The raise brings its total funding to over $30 million and comes as the global stablecoin market surpasses $310 billion in supply. Founded by David Sutter, OpenTrade provides plug-and-play infrastructure that allows fintechs, neobanks, and exchanges to offer dollar- and euro-denominated yield products backed by real-world assets, without needing to build their own investment or custody stacks. The platform serves clients through two models: permissioned infrastructure for regulated, custodial stablecoin products, and permissionless infrastructure for non-custodial platforms and asset issuers operating in the DeFi space. It also offers Curation+, a service that curates custom vaults with institutional-grade yield sources through Five Sigma Finance, an FCA-regulated asset manager. OpenTrade's total value locked recently surpassed $200 million, with transaction volumes exceeding $250 million in 2025. In the first four months of 2026 alone the platform has processed over $300 million, and the company projects more than $1 billion in transaction volume by year-end. The new capital will be used to expand both permissioned and permissionless infrastructure, scale Curation+ services, and grow engineering, asset management, and customer success teams to support a growing global client base.

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London stablecoin startup OpenTrade raises $17 million to scale yield… | Newnex