OpenTrade completed $3.2 million seed round financing

OpenTrade, a Web3 institutional loan and revenue product platform, announced the completion of a $3.2 million seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital. OpenTrade is an on chain institutional lending and revenue product platform built on Circle's payment and DeFi infrastructure, allowing regulated asset management companies to create on chain lending products that can bear profits.