OpenTrade has completed a $17 million financing round, led by Mercury Fund and Notion Capital.

May 6th — London-based crypto startup OpenTrade has closed a $17 million strategic funding round, pushing its total capital raised to over $30 million. The round was led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global. OpenTrade bills itself as an institutional-grade on-chain platform for real-world asset-backed (RWA) lending and stablecoin yield products. The company will deploy the capital to expand its infrastructure bridging permissioned and permissionless systems. Target products from this expansion include a permissionless protocol layer and Curation+ — a vault curation framework built to help fintechs, neobanks, custody teams, and asset issuers craft yield strategies linking RWAs and on-chain assets. OpenTrade notes that unlike typical decentralized finance (DeFi) vault curators (which focus primarily on protocol selection), Curation+ leverages regulated asset management oversight to build portfolios connecting RWAs and on-chain tools. Its permissionless infrastructure lets traditional and on-chain asset issuers tap decentralized distribution channels via “position tracking tokens” — no proprietary infrastructure required. At the time of this latest round, OpenTrade’s total value locked (TVL) had topped $200 million last year. The firm projects transaction volume will exceed $1 billion by end-2026, with a target of over $250 million by 2025.