2 years ago

OpenTrade Raises Funding to Scale Its Enterprise-Grade Treasury Management Platform

  • OpenTrade, a London and Palo Alto-based provider of an enterprise-grade treasury management platform, has secured an undisclosed funding round led by Sino Global Capital

  • The round also saw participation from Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures

  • The funding will be used to scale operations and launch in the second half of 2023

  • OpenTrade's platform offers on-chain structured financial products backed by investment-grade liquid financial assets, allowing users to preserve capital, maintain liquidity, and earn stable, predictable returns.

      • ProblemFinancial Services

      "Web3 institutions, businesses, and investors need a way to preserve capital, maintain liquidity, and earn stable, predictable returns that are uncorrelated to crypto price volatility, all while ensuring they can continue to operate entirely on-chain."

      Solution

      "OpenTrade offers an enterprise grade treasury management platform that provides access to a suite of on-chain structured financial products backed by investment grade, liquid financial assets."

      Covered on