OpenTrade, a provider of on-chain structured financial products for businesses and Web 3.0 treasuries, has recently raised just over $1.5 million in a funding round led by crypto-native venture capital firm Sino Global Capital. With a breadth of additional contributors including Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures, the fresh capital is geared towards pre-launching plans for a second-half debut of what OpenTrade specializes in.

OpenTrade stands out among cryptocurrency platforms. It combines the traditional foundations of finance with the larger potential that decentralized finance (DeFi) has to offer. With the aim of tokenizing access to traditional investing and financial products, OpenTrade cultivates liquidity pools for investment-grade commercial paper, investment-grade supply chain financing, and U.S. Treasury Bills (T-Bills). As the infrastructural backbone behind this endeavour, OpenTrade runs on both Polygon and Ethereum networks.

OpenTrade's founding team is comprised of CEO Dave Sutter and CCO Jeff Handler, who previously held prominent positions at Circle and Coinbase’s conglomerate Centre. The roster is directed by founder Michele Bisceglia, a previous partner at AgFe, and advisor Steve White. Their brainchild, OpenTrade, is now looking to manage liquidity pools with specific investment criteria, underlying assets, and targeted yields. Its assets are held by a regulated custodian in segregated accounts, while pool users can deposit USDC stablecoins and Euro Coins (EUROCs), and as a result,  receive an ERC-20 token which is an equivalent of their principal, accrued interest, and their share of the net asset value (NAV). Once users have their interest, they can withdraw their USDC or EUROC balance from Open Trade’s pools.

Five Sigma, the investment advisory and asset management arm of OpenTrade, currently has over $700 million AUM, making OpenTrade an organization this sector can’t ignore. After a successful funding round, OpenTrade has 3 of the main ingredients when it comes to money, trust, and expertise. Most importantly, the platform is well-positioned to allow users tokenized access to DeFi and financial products, while maintaining liquidity and security within the blockchain realm.



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