OpenTrade, a platform that connects stablecoin yields with real-world asset lending, has closed a $17 million funding round. Mercury Fund and Notion Capital led the investment, with existing backer a16z also participating.
Who’s behind the round
Mercury Fund and Notion Capital co-led the raise. The two venture firms have not disclosed their specific stakes. OpenTrade is backed by a16z, one of the largest crypto-focused venture firms, which previously invested in the company.
What OpenTrade does
The platform lets users earn yields on stablecoins by funneling them into loans backed by real-world assets — things like invoices, trade receivables, or other off-chain collateral. It aims to bridge the gap between decentralized finance and traditional lending markets, offering a way for stablecoin holders to get returns while borrowers access capital without going through a bank.
Funding details
The $17 million round brings OpenTrade’s total known funding to that amount, though the company had raised an undisclosed sum from a16z earlier. The startup did not provide a valuation or say how it plans to spend the new capital. The round closed in the first quarter of 2025, according to a person familiar with the matter.
What’s next
OpenTrade has not announced a timeline for expanding its lending products or entering new markets. The company operates in a sector that has drawn increasing attention from regulators, but it has not disclosed any current discussions with authorities.
