November 25, 2024
OpenTrade, a platform focused on providing digital dollar solutions, has announced the successful closure of a $4 million seed extension round. The funding round was led by AlbionVC, with participation from existing investors, including CMCC Global. This new investment will enable OpenTrade to expand its services and scale operations in response to growing global demand.
Launched with the aim of enabling clients to manage their digital dollar balances with ease, OpenTrade allows businesses to earn interest on digital assets backed by real-world financial assets like U.S. Treasury Bills. Since its beginnings, the company has processed over $100 million in transaction volumes, offering a cost-effective alternative to legacy banking systems. With a focus on scalability and security, OpenTrade has helped clients such as WOO X and Littio extend the value of their digital products.
The latest round of funding will support OpenTrade’s expansion efforts, including the hiring of additional teams in sales, marketing, and implementation to meet the rising demand. Furthermore, the company plans to strengthen its existing product capabilities and develop new offerings, including yield products backed by a wider range of assets.
About OpenTrade
OpenTrade is a platform that enables clients to earn interest on their digital dollar balances through high-quality financial assets, such as U.S. Treasury Bills. Since its launch, OpenTrade has processed over $100 million in transactions, offering businesses a way to manage and grow their digital asset holdings without the need for traditional banking systems.
Website: https://www.opentrade.io/
X: @opentrade_io
About Investor
AlbionVC
AlbionVC is a venture capital firm that specializes in early-stage investments across a variety of sectors, including fintech and digital asset management. The firm is known for its strategic approach to scaling startups and has supported numerous companies in the digital finance space.
Location: London, UK
Website: https://albion.vc/
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