OpenTrade

Stablecoins have long since stopped being a niche phenomenon for crypto enthusiasts. Today they represent real financial infrastructure, used by institutional operators, global fintechs, and neobanks to move liquidity, offer yields, and optimize capital management. The problem is that accessing stablecoin yield products — those that generate returns through DeFi protocols and on-chain cash management instruments — still requires complex technical and regulatory infrastructure that most operators cannot build in-house. OpenTrade built that infrastructure layer and distributes it as a B2B service. The UK startup developed an API-first platform that allows fintechs, neobanks, exchanges, and institutional operators to offer stablecoin yield products to their own customers without having to build the DeFi technical stack internally. In practice, OpenTrade becomes the middleware between regulated financial operators and the world of on-chain protocols, dramatically lowering the barrier to entry for those wanting access to this market. The 2025 results are concrete: the company surpassed $200M in Total Value Locked and $250M in intermediated volume. These numbers position OpenTrade as one of the most significant players in a segment that is still nascent but growing rapidly. Total raised exceeds $30M, including a $17M strategic round. The business model is infrastructural: fees on intermediated volume and managed TVL, with an API-first approach that facilitates integration into clients' existing systems. It is not a consumer product, not an exchange, not a wallet — it is the plumbing that allows other operators to access the stablecoin yield economy without becoming DeFi experts themselves. OpenTrade's underlying thesis is that stablecoin finance is undergoing the same transition that cloud computing went through in the 2010s: from a niche technical phenomenon to a component of mainstream financial infrastructure. Those who build the distribution layer during this transition period have the opportunity to occupy a structural market position that will be difficult to displace as volume grows.