OpenTrade, a London-based startup building infrastructure for stablecoin yield products, has raised $17 million in a strategic funding round, according to separate reports from CoinDesk and tech.eu published on May 6.

What happened

Both reports say the round was led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC, and CMCC Global. If accurate, the new financing brings OpenTrade's total funding to more than $30 million.

OpenTrade's own website describes the company as infrastructure for fintechs, neobanks, exchanges, and treasury teams that want to offer or manage stablecoin yield products. The platform says those products can be backed by assets including money market funds, Treasuries, ETFs, private credit, and other real-world or on-chain strategies.

Why it matters

The funding is notable because it targets a part of crypto infrastructure that sits between token distribution and traditional asset management. Instead of issuing another consumer app, OpenTrade is selling the plumbing that lets other financial platforms embed yield-bearing stablecoin products.

That matters as stablecoin supply keeps growing and more fintechs look for treasury and savings products tied to dollar- and euro-denominated tokens. The conservative takeaway is that investors still see room for specialist middleware that connects stablecoins to regulated or institutionally managed yield sources, especially for partners that do not want to build custody, compliance, and portfolio operations from scratch.