OpenTrade Raises $3.2M in Seed Funding


OpenTrade, a London, UK-based institutional crypto lending platform provider, raised $3.2m in seed funding.

Backers included from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital. 

The company intends to use the funds to expand operations and its development efforts.

Led by Dave Sutter, CEO, OpenTrade provides an institutional grade platform for lending and yield products designed for fintechs and institutional investors across Web2 and Web3 ecosystems. Its offerings combines a technology platform with legal and operational frameworks and services that together support safe, compliant, and scalable lending and yields products for the next generation of financial services & markets.