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OpenTrade - Extended Seed
Overview
Funding Date
November 25, 2024
Financing amount
$4M
Valuation
--
Subcategory
About OpenTrade - Extended Seed
OpenTrade, a stablecoin yield products firm, has raised $4 million in a seed extension round. Albion VC led the funding, with participation from existing investors like CMCC Global.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United Kingdom | -- | 2 | -- | ||
| Fund | Hong Kong | 2016 | 22 | -- |
Founders & Team
Dave Sutter
Tom Niermann
Company Profile / Project Introduction
OpenTrade provides Web3 treasurers and institutional investors access to on-chain structured financial products backed by investment grade financial assets, providing predictable returns that are uncorrelated to crypto. OpenTrade embeds USDC payments and financing directly in B2B networks and systems to connect DeFi liquidity to global supply chains - providing buyers and suppliers with a much faster, cheaper, and more efficient form of payments and working capital finance than exists today with legacy solutions.