According to Odaily Planet Daily, Web3 institutional lending and yield product platform OpenTrade announced the completion of a $3.2 million seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs and Plassa Capital. OpenTrade is an on-chain institutional lending and yield product platform built on Circle's payment and DeFi infrastructure, allowing regulated asset management companies to create on-chain lending products that can afford yields.
