OpenTrade Raises $3.2M in Seed Funding for Institutional Crypto Lending Platform

London-based OpenTrade, a provider of institutional crypto lending platform, has raised $3.2m in seed funding from investors including a16z Crypto Startup Accelerator, CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital. The company plans to use the funds to expand its operations and development efforts. OpenTrade offers a technology platform, legal and operational frameworks, and services to provide safe, compliant, and scalable lending and yield products for fintechs and institutional investors across Web2 and Web3 ecosystems. The CEO of OpenTrade is Dave Sutter.