OpenTrade secures an oversubscribed funding round led by Sino Global Capital to scale operations
Sino Global Capital led the financing alongside participants such as Circle Ventures and Polygon Ventures.
OpenTrade provides institutional-grade infrastructure that allows fintechs and neobanks to offer real-world asset-backed stablecoin yield products. Its platform connects digital asset holders with dollar and euro denominated returns.
OpenTrade has secured an oversubscribed funding round led by Sino Global Capital to support its upcoming market launch and operational scaling. Additional participants in the financing include Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures.
The company develops a treasury management platform that connects traditional financial assets with decentralized finance infrastructure. Its initial product offerings comprise liquidity pools for United States Treasury Bills, commercial paper, and supply chain finance.
Leadership behind the venture includes veterans from Google, Meta, Barclays, and Santander. Operations are further supported by a spin-out advisory firm, Five Sigma, which manages off-chain structured finance assets.
Investor perspective
"Thrilled to back the OpenTrade team as they build the necessary infrastructure to bring real-world financial assets onto the blockchain. In the next decade, we expect that a majority of assets will be brought onto public blockchains. OpenTrade is leading this paradigm shift and we look forward to being day one customers."
Ian Wittkopp
Head of Investment, Sino Global Capital
Use of funds
- 01Scale operations
Investors
Ian Wittkopp
Sino Global Capital
Wyatt Lonergan
Circle Ventures
Jason Brannigan
Kronos Ventures
Loi Luu
Kyber Ventures
Polygon Ventures
Outlier Ventures
Categories
About the company
OpenTrade
OpenTrade provides infrastructure that enables fintechs to offer stablecoin yield products.