a year ago
OpenTrade Secures $3.2 Million in Seed Funding to Expand Institutional Crypto Lending Platform
OpenTrade, a London, UK-based institutional crypto lending platform provider, has raised $3.2 million in seed funding
The round was led by a16z Crypto Startup Accelerator (CSX) with participation from CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital
OpenTrade provides an institutional grade platform for lending and yield products designed for fintechs and institutional investors across Web2 and Web3 ecosystems
The company intends to use the funds to expand operations and its development efforts.
ProblemFinancial Services
"Institutional investors and fintechs struggle to find reliable and secure ways to lend and earn yield in the rapidly evolving world of Web2 and Web3 financial services. Current solutions often lack the legal, operational, and technological infrastructure needed for safe, compliant, and scalable operations."
Solution
"OpenTrade provides a comprehensive institutional-grade platform that combines a robust technology platform with legal and operational frameworks. This enables safe, compliant, and scalable lending and yield products for institutional investors and fintechs in both Web2 and Web3 ecosystems."
