Onchain lending platform OpenTrade has raised $17 million in a strategic funding round led by Mercury Fund and Notion Capital. The funds will support the expansion of its yield infrastructure and vault service, Curation+, as the platform surpasses $200 million in total value locked. The raise coincides with U.S. legislative progress on the CLARITY Act, which could shape rules for stablecoin rewards.
Onchain and real-world asset lending platform OpenTrade has secured $17 million in fresh capital. The strategic funding round was led by Mercury Fund and Notion Capital.
The new capital will support the expansion of its yield infrastructure and vault-focused service, Curation+. CEO David Sutter stated the company plans to grow its asset management, engineering, and customer success teams.
The funding round occurs as U.S. lawmakers debate stablecoin regulation under the CLARITY Act. Sutter expressed optimism about recent legislative progress, noting a compromise would allow usage-based rewards but prohibit yield on idle balances.
“Our structure is derived from securities lending in traditional finance, but adapted to the lending of stablecoins instead of securities,” Sutter said. He added that the platform’s legal architecture is built for global compliance with existing regulatory standards.
Founded in 2023, the platform provides yield products for fintechs and institutions. Its infrastructure routes deposits into tokenized vaults allocating capital across real-world assets and selected decentralized finance strategies.
The latest round brings OpenTrade’s total funding to $30 million and included backing from a16z Crypto. The company had previously raised $7 million in June 2025 and a $4 million seed extension in November 2024.
OpenTrade also secured early funding from investors like Circle Ventures and Polygon Ventures. Co-founders Dave Sutter and Jeff Handler previously worked at Centre, the former consortium behind the USDC stablecoin.
