Golden Finance reported that recently, OpenTrade, a fintech infrastructure platform headquartered in London, successfully completed a strategic financing round of up to 7 million US dollars. This news has drawn widespread attention in the fintech and cryptocurrency fields.
This round of financing was led by Notion Capital and Mercury Fund, both of which have rich experience and unique vision in the field of fintech investment. Notion Capital has long been dedicated to investing in early-stage technology startups and has assisted many fintech enterprises in achieving leapfrog development. The Mercury Fund actively lays out in the field of financial innovation and vigorously supports potential projects. In addition, well-known institutions such as AlbionVC, a16z crypto and CMCC Global have also participated in the investment one after another. a16z crypto, as an investment fund under Andreessen Horowitz that focuses on the fields of cryptocurrencies and blockchain, is highly influential in the industry. Its participation in investment is often regarded as an important signal that the project has great potential.
OpenTrade stands out in the fintech field, dedicated to directly embedding stablecoin yield products based on real-world assets (RWA) into the existing applications of fintech companies. This innovative measure has successfully transformed stablecoins from traditional passive payment tools into active savings tools, providing users with an annual interest rate option as high as 3-9%. Since its official launch in early 2024, OpenTrade has demonstrated a strong momentum of development. Data shows that it has processed over 175 million US dollars in transaction volume, managed 47 million US dollars in client assets, and achieved an average month-on-month growth of 20% in the past six months. Such outstanding performance further proves the feasibility and market appeal of its business model.
Stablecoins, as an important component of the cryptocurrency field, have developed rapidly in recent years. It maintains relatively stable prices by pegging to fiat currencies or other assets, solving the problem of significant price fluctuations in cryptocurrencies. It is playing an increasingly important role in areas such as cross-border payments and decentralized finance (DeFi). The emergence of OpenTrade has provided new ideas for expanding the application scenarios of stablecoins. By integrating with real-world assets, it has endowed stablecoins with higher profitability and practicality.
Regarding this round of financing, a relevant person in charge of OpenTrade stated that the funds raised will mainly be used for technological research and development, team expansion, and market expansion. In terms of technological research and development, the embedding technology of stablecoin yield products will be further optimized to enhance the stability and security of the products. The expansion of the team aims to attract more professionals in fintech, blockchain technology, marketing, etc., to provide all-round support for the company’s development. In terms of market expansion, OpenTrade plans to intensify brand promotion efforts, actively establish cooperative relationships with more fintech companies and financial institutions, promote the application of its stablecoin yield products in a broader market, and further increase its market share.
With the continuous development of the fintech industry and the sustained expansion of the stablecoin market, OpenTrade is expected to achieve greater breakthroughs in the future with this round of financing. Its innovative business model and strong lineup of investors make it highly competitive in the field of fintech infrastructure and may lead the new development trend of stablecoin yield products.
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