London-based cryptocurrency startup OpenTrade raises €6.1 million to expand stablecoin yield access

OpenTrade, a British infrastructure platform powering RWA-backed stablecoin yield products, announced today it raised an additional €6.1 million in strategic funding to enable wider access to dollar- and euro-denominated yields.

This funding was led by Notion Capital and Mercury Fund, with participation from existing investors AlbionVC, a16z crypto, and CMCC Global – bringing OpenTrade’s total funding to more than €9.6 million.

“Notion and Mercury are exceptional B2B investors with a strong track record of backing category-defining companies, and we’re thrilled to partner with them,” said CEO Dave Sutter. “Combined with a16z’s leadership, and Albion and CMCC’s deep expertise, we have the network, experience, and momentum to scale globally and help unlock access to dollar-based savings for individuals historically outside the reach of traditional financial systems.”

Founded in 2023, OpenTrade is an institutional-grade platform for real-world asset-backed USDC & EURC yield products. OpenTrade’s enterprise-grade platform has been purpose-built to provide FinTechs with an out-of-the-box solution that allows them to power USDC and EURC yield products for their users, accessible with the click of a button, and secured through OpenTrade’s bankruptcy-remote structure, bank-grade operations, and tested legal framework.

The capital will be used to accelerate OpenTrade’s go-to-market strategy through expanded product development, engineering capabilities, and operational capacity.

OpenTrade offers a B2B2C “yield-as-a-service” model that lets FinTechs, exchanges, and neobanks like Belo, BuenBit, Littio, and Criptan embed RWA-backed yields into everyday user experiences.

Unlike most on-chain RWA products built for institutions and a handful of large wallets, OpenTrade says their transaction patterns reflect millions of diverse, engaged users making routine deposits and withdrawals as part of daily life.

Samantha Lewis, Partner at Mercury, commented, “OpenTrade is building core financial infrastructure for the next generation of FinTech. Their rapid growth underscores both the scale of demand and the strength of their model. They are solving a fundamental gap in the market with the potential to revolutionize global access to high-quality, yield-bearing accounts. It’s exactly the kind of high-conviction FinTech opportunity we look for at Mercury.”

In countries where inflation has eroded savings and restricted access to stable currencies, OpenTrade aims to enable users to earn meaningful yields on USD and EUR holdings directly from their phones. Across Argentina, Colombia, Mexico, Peru, and Spain, more than 5 million retail users now have access to 3–9% APR on their USD and EUR holdings.

As per data provided by OpenTrade: In Colombia, for example, banks offer just 0.4% APR on dollar accounts. Through OpenTrade’s partnership with Littio, users can now earn up to 6% on USDC balances, with no hidden fees or complex onboarding. Criptan – a Spanish fintech offering an Earn product powered by OpenTrade – offers up to 6% yield on EURC, tripling the typical 2% cap from major European banks.

OpenTrade currently manages €41.1 million for clients and has processed nearly €174 million in transaction volume over the past year, all while maintaining a 20% average month-over-month (MoM) growth during the last six months.

Itxaso del Palacio, General Partner at Notion Capital, added, “With a market cap of over $240bn, the stablecoin market is now a force to be reckoned with. OpenTrade is in a unique position to build the industry’s much needed infrastructure, and to enable stablecoin holders to benefit from yields. Having created an impressive full-stack platform, and earned relationships with the financial industry’s heavyweights; Dave, Jeff, Tom and the team are in a strong position to capitalise, and to lead the market for years to come. We are extremely excited to collaborate with them, as they continue to build and scale the OpenTrade infrastructure.”

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