Former SWIFT CEO Appointed Chairman of OpenTrade

According to TechFlow, on October 29, as reported by CoinDesk, former SWIFT CEO Lazaro Campos has joined OpenTrade, a London-based stablecoin yield infrastructure company, as chairman. OpenTrade said Campos will help the company expand its business amid growing stablecoin adoption by more financial institutions.

OpenTrade currently has approximately $300 million in total value locked (TVL) and has processed over $1 billion in cumulative transaction volume in the past 12 months. The company primarily provides infrastructure for fintech companies, trading platforms, and digital wallets, enabling them to offer yield services on USD- and EUR-denominated stablecoin balances based on real-world assets (RWAs). OpenTrade completed a $17 million funding round in May of this year, bringing total funding to $32 million.

Source: TechFlow