HomeNews

UK's OpenTrade Raises $17M to Fuel Stablecoin Yield Boom Amid $300B Crypto Surge

Maria LourdesMaria Lourdes1h ago

UK's OpenTrade Raises $17M to Fuel Stablecoin Yield Boom Amid $300B Crypto Surge

OpenTrade, a London-based stablecoin infrastructure startup, has secured $17 million in a strategic funding round.

The round was led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global, bringing the company's total funding to over $30 million.

What Does OpenTrade Do?

OpenTrade provides institutional-grade tools for fintechs, neobanks, and exchanges to offer yield-bearing stablecoin products backed by real-world assets like U.S. Treasuries and money market funds.

Its platform includes permissioned vaults and a permissionless protocol layer, enabling seamless integration of yields from 3.85% on USD money markets to up to 20% on diversified DeFi strategies.

Impressive Growth Milestones

The company has already surpassed $200 million in total value locked and processed over $250 million in transaction volume last year.

Founded by CEO David Sutter, co-founders Jeff Handler and Tom Niermann, OpenTrade follows prior rounds including a $7 million raise in 2025 from similar backers.

Why Stablecoin Yields Matter Now

With global stablecoin supply exceeding $300 billion, demand for reliable yields is surging as users seek alternatives to low bank rates in inflation-hit economies.

In the UK, post-Brexit regulations are fostering crypto innovation, positioning OpenTrade to bridge traditional finance and blockchain.

A non-obvious angle: This funding empowers emerging market fintechs to offer competitive yields via tokenized RWAs, outpacing local banks and reducing remittance costs for millions.

Future Plans and Broader Impact

OpenTrade plans to expand its engineering, asset management, and customer success teams to scale infrastructure for both permissioned and permissionless use cases.

For everyday users, this means safer, 24/7 access to high-yield digital dollars, potentially transforming savings in volatile regions.

Ultimately, OpenTrade's growth signals the maturation of stablecoins from speculative tools to everyday money management solutions.

Article Details

Author / Journalist:

Category: StartupsTechnology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2026-05-07 @ 05:11:59 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: techinasia.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Tech In Asia

News ID: 30938345

About Tech In Asia

Tech In Asia Logo

Main Topics: StartupsTechnology

Official Website: techinasia.com

Update Frequency: 9 posts per day

Year Established: 2010

Headquarters: Singapore

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #9

Frequently Asked Questions

Which news outlet covered this story?

The story "UK's OpenTrade Raises $17M to Fuel Stablecoin Yield Boom Amid $300B Crypto Surge" was covered 1 hours ago by Tech In Asia, a news publisher based in Singapore.

How trustworthy is 'Tech In Asia' news outlet?

Tech In Asia is a fully independent (privately-owned) news outlet established in 2010 that covers mostly startups and technology news.

The outlet is headquartered in Singapore and publishes an average of 9 news stories per day.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #30938345
  • URL: https://beamstart.com/news/uk-stablecoin-startup-opentrade-raises-17781307691

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2026 BEAMSTART. All Rights Reserved.