PANews November 25 news, London fintech company OpenTrade announced the completion of a $4 million seed round expansion financing, led by AlbionVC, with existing investors a16z Crypto and CMCC Global participating. This financing will be used to expand operational scale, enhance product features, and develop additional services including yield products supporting new asset types.
Since its establishment at the end of 2022, OpenTrade has processed over $100 million in transaction volume, providing stablecoin yield products based on real assets (such as U.S. Treasury bonds) for clients including WOO X and Littio, with annualized yields between 3% and 6%, without the costs and complexities of capital flowing back through the traditional banking system.