OpenTrade provides a platform for fintechs to create white-labeled stablecoin yield products backed by investment-grade financial assets, enabling rapid transactions using Circle's USDC. This addresses the need for predictable risk-adjusted returns in digital dollar lending, helping companies retain customers and open new revenue streams.
Funding
$34.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AC+3Founders
Product
Problem
Fintech companies face challenges in offering stablecoin yield products due to the complexities of managing risk, ensuring compliance, and integrating with various financial systems. Creating these products requires navigating a complex legal framework and managing the underlying assets.
Solution
OpenTrade provides a platform that enables fintechs to create white-labeled stablecoin yield products backed by investment-grade financial assets. The platform offers a technology platform combined with a legal framework and off-chain banking infrastructure to power safe, compliant, and scalable stablecoin infrastructure and yield products. OpenTrade's products are designed to help fintechs retain existing customers, attract new ones, and open up new revenue streams by offering access to superior risk-adjusted returns. The platform supports various assets, including US Treasury Bills, Euro bonds, and corporate bonds.
Target Audience
OpenTrade targets fintechs, neobanks, crypto exchanges, custodians, stablecoin issuers, and treasury managers looking to offer stablecoin yield products to their customers or manage their own treasuries.
Features
- White-labeled and embedded stablecoin yield products
- Access to yield products backed by investment grade financial assets, including US Treasuries, money market funds, and corporate bonds
- API and blockchain protocol for seamless and secure integrations with existing applications and back office systems
- Support for USDC and EURC stablecoins
- Flexible term and fixed term vaults
- Bankruptcy remote SPVs managed by regulated asset managers, with backing assets held in segregated accounts at regulated financial institutions