OpenTrade
About OpenTrade
OpenTrade is a Blockchain startup based in London, United Kingdom that has raised $32M in venture capital across 5 funding rounds since 2023. The company reached Strategic stage in May 2023 with a $1.5M round led by Sino Global Capital. OpenTrade's investor base includes 9 institutional funds, with Mercury Fund leading the most recent equity round.
OpenTrade is a London-based fintech infrastructure platform founded in 2023 that enables neobanks, crypto exchanges, custodians, and stablecoin issuers to offer white-labeled stablecoin yield products backed by real-world assets. The platform connects digital dollars to institutional-grade yield sources — including US Treasuries, corporate bonds, ETFs, private credit, and trade finance — through permissioned and permissionless on-chain vaults. OpenTrade has surpassed $200 million in total value locked and processed over $300 million in transaction volume in the first four months of 2026. Co-founded by Dave Sutter (CEO), Jeff Handler (CCO), and Tom Niermann (CTO), all formerly associated with Centre — the USDC governance consortium — OpenTrade is backed by a16z Crypto and a growing roster of fintech and blockchain investors.
OpenTrade Funding Rounds Timeline
5 rounds · $32M raised · since 2023
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Pre-Seed | May 2023 | $1.5M | — | Sino Global Capital | Circle Ventures, Polygon Ventures, Outlier Ventures |
| Seed | April 2024 | $3.2M | — | a16z Crypto | — |
| Seed Extension | November 2024 | $4M | — | a16z Crypto | — |
| Strategic | June 2025 | $7M | — | Mercury Fund | Notion Capital, AlbionVC, a16z Crypto, CMCC Global |
| Strategic | May 2026 | $17M | — | Mercury Fund | Notion Capital, a16z Crypto, AlbionVC, CMCC Global |
Investors in OpenTrade
9 institutional investors across 5 rounds
Lead investors
Co-investors
Recent news about OpenTrade
Questions about OpenTrade
How much has OpenTrade raised?
OpenTrade has raised $32M across 5 funding rounds since 2023.
Who are the investors of OpenTrade?
OpenTrade's investors include Mercury Fund, a16z Crypto, Notion Capital, AlbionVC, CMCC Global, Circle Ventures, Polygon Ventures, Sino Global Capital, Outlier Ventures.
When was OpenTrade's last funding round?
OpenTrade's most recent round was a $1.5M Pre-Seed in May 2023, led by Sino Global Capital.
Where is OpenTrade headquartered?
OpenTrade is headquartered in London, United Kingdom, and was founded in 2023 by Dave Sutter, Jeff Handler, Tom Niermann.