OpenTrade raises $170 million in financing, with total lock up exceeding $200 million

According to OpenTrade, a British cryptocurrency company, it has announced the completion of a strategic round of funding of $17 million, led by Mercury Fund and Notion Capital, with participation from a16z Crypto and others. The company focuses on building institutional level on chain and real-world asset-backed lending and stablecoin revenue infrastructure. Currently, the total locked in size has exceeded $200 million, and the total financing amount has exceeded $30 million.