- CMCC Global and a16z Crypto also took part in OpenTrade’s seed extension.
- In April of this year, OpenTrade raised $3.2 million in startup capital.
In a seed extension round, stablecoin yield products company OpenTrade has raised $4 million. The fundraising was led by AlbionVC, with a16z Crypto and CMCC Global also contributing.
OpenTrade, which is based on Circle, enables asset managers to design onchain loan products with yields.
With the help of this finance, we can keep up our current growth trajectory and develop solutions for some of the industry’s largest and most significant players.
To reach $4.45 million in investment at the time, OpenTrade raised $3.2 million in initial funding in April from a16z’s crypto startup accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital.
Real-world asset (RWA) products’ daily market capitalization hit about $4 billion on November 24.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
