The stablecoin market has seen incredible growth, with over $175 billion in circulation and transaction volumes exceeding $11.1 trillion—comparable to the combined volumes of Visa and MasterCard. As more “non-crypto” consumers and businesses continue to adopt digital dollars like USDC, there’s a growing need for reliable and efficient stablecoin-based financial services.(Cover photo: Jay Wilson, Partner at AlbionVC)
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OpenTrade, an institutional-grade platform for real world asset-backed (RWA) lending and stablecoin yield products, has just raised a $4 million seed extension round led by AlbionVC, with participation from returning investors a16z Crypto and CMCC Global.
Since launching in late 2022 from its London headquarters, OpenTrade has been enabling fintech companies, neobanks, and other financial services providers to offer stable returns (3-6% APR) on digital dollar balances, backed by high-quality real world assets such as U.S. Treasury Bills. This new round of funding will allow OpenTrade to further scale its operations and meet the growing demand for its seamless, secure solutions.
Why Stablecoins Matter
Unlike other cryptocurrencies that experience frequent fluctuations in value, stablecoins like USDC are pegged 1:1 to a fiat currency—making them a highly effective medium of exchange and store of value. With over $175 billion in stablecoin assets circulating globally, OpenTrade’s technology is set to fill a critical gap for companies looking to extend the value of digital dollars while providing reliable, integrated yield products.
“Stablecoins play a critical role in the crypto ecosystem, acting as a bridge between digital assets and traditional finance. As we see more mainstream adoption of digital dollars, our technology enables fintechs and exchanges to offer reliable, secure, and fast stablecoin yield products. This funding will help us continue our growth trajectory, building cutting-edge products for some of the biggest players in the space.”
David Sutter, CEO of OpenTrade
This new round of investment will help OpenTrade build out its platform to support even more fintech applications, helping clients secure additional sales, marketing, and implementation resources as they expand globally.
What’s Next for OpenTrade?
OpenTrade offers a white-label platform, built by industry veterans from companies like Barclays, Meta, and Standard Chartered Bank, that seamlessly integrates stablecoin yield products into existing fintech apps and services. This latest round of funding will enable OpenTrade to enhance its offerings further, with more product capabilities and a wider range of asset-backed yield products on the horizon.
The company’s core product has already processed over $100 million in transaction volumes for clients like the Y-Combinator backed Colombian neobank Littio, powering wealth generation opportunities for over 100,000 users. The funding will also allow OpenTrade to bolster its operations, recruit a stronger sales, marketing, and implementation team, and support even more new clients and partnerships on a global scale.
Building Partnerships to Drive Growth
OpenTrade’s rapid success in such a short period of time is evident in its impressive list of high-profile partnerships. The platform has already secured partnerships with WOO X—a leading global crypto exchange—and Littio, one of Colombia’s premier neobanks.
These collaborations have helped OpenTrade power over $100 million in stable USD-denominated transactions, demonstrating the demand for its innovative solutions.
Jay Wilson, Partner at AlbionVC, added, “The team at OpenTrade has achieved a remarkable feat in bringing their core product to market and securing top-tier partnerships in record time. As demand for stablecoin yield products continues to grow, OpenTrade provides a seamless and safe solution for companies to build and operate their own leading stablecoin yield offerings. We’re excited to work alongside David and the team as they continue to drive innovation in this space.”
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OpenTrade
OpenTrade is an institutional-grade platform for RWA-backed lending and stablecoin yield products, designed to empower fintechs, neobanks, and other financial services providers. Through its white-label solutions, OpenTrade enables companies to deliver secure and seamless yield products directly within their apps and services. For more information, visit OpenTrade.io.
AlbionVC
AlbionVC supports visionary founders and technologies with long-term capital and scale-up expertise. With over £1 billion in AUM and a successful track record of over 100 exits, AlbionVC is the technology investment arm of Albion Capital Group, authorized and regulated by the Financial Conduct Authority. Learn more at AlbionVC.com.
