OpenTrade Raises Over $1.5M for Crypto Structured Financial Products

05/04 13:16

OpenTrade, a decentralized finance (DeFi) protocol platform that provides on-chain liquidity pools with specific investment criteria, underlying assets, and target yields, has raised just over $1.5 million in a funding round led by Sino Global Capital. The London and Palo Alto-based firm will use the capital to scale its operations ahead of its launch in the second half of this year. The initial products will include liquidity pools for U.S. Treasury bills, investment-grade commercial paper, and investment-grade supply chain financing. OpenTrade's platform is built on Circle’s DeFi and payments infrastructure and runs on Polygon and Ethereum. The company utilizes a network of financial institutions and B2B networks to create on-chain liquidity pools. Assets backing each pool are held in a bankruptcy remote structure by a regulated custodian in segregated accounts to help mitigate risks.

Tăng giáGiảm giá1Chia sẻ

Tuyên bố miễn trừ trách nhiệm：Nội dung trên không đại diện cho quan điểm của HTX.，HTX không đưa ra bất kỳ lời khuyên giao dịch nào.。