OpenTrade raises £4.5m led by Notion Capital and Mercury Fund to expand stablecoin yield infrastructure

OpenTrade, a British infrastructure platform powering RWA-backed stablecoin yield products, announced today it raised an additional £4.5m in 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 £8m.

Founded in 2023, OpenTrade is an institutional-grade platform for real-world asset-backed USDC and EURC yield products. Its enterprise-grade infrastructure provides FinTechs with an out-of-the-box solution to offer yield products to their users. These products are accessible at the click of a button and are secured through OpenTrade’s bankruptcy-remote structure, bank-grade operations, and tested legal framework.

The capital will support OpenTrade’s go-to-market strategy, including product development, engineering, and operations.

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

Unlike most on-chain RWA products focused on institutional wallets, OpenTrade says its transaction patterns reflect millions of engaged users making routine deposits and withdrawals as part of daily life.

In countries where inflation has undermined savings and 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 holdings.

According to OpenTrade, banks in Colombia offer around 0.4% APR on dollar accounts. Through its partnership with Littio, users can earn up to 6% on USDC balances, with no hidden fees or complex onboarding. Criptan, a Spanish FinTech, offers up to 6% yield on EURC via OpenTrade, significantly higher than the typical 2% from major European banks.

OpenTrade currently manages £35m for clients and has processed nearly £150m in transaction volume over the past year, maintaining 20% average month-over-month growth over the last six months.

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. 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.

Dave Sutter, Co-founder & CEO

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 revolutionise global access to high-quality, yield-bearing accounts. It’s exactly the kind of high-conviction FinTech opportunity we look for at Mercury.

Samantha Lewis, Partner at Mercury Fund

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.

Itxaso del Palacio, Partner at Notion Capital

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