Web3 institutional lending and yield products platform OpenTrade has completed a $3.2 million seed round financing, with participation from CSX and others

ChainCatcher news, Web3 institutional lending and yield products platform OpenTrade has completed a $3.2 million seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital.

It is reported that OpenTrade is built on Circle's payment and DeFi infrastructure. Through OpenTrade, regulated asset management companies can create on-chain lending products that bear yield, depositing USDC or EURC into on-chain vaults with specific investment criteria and target yields.