OpenTrade appoints former Swift CEO Lazaro Campos as chairman
London-based stablecoin yield company OpenTrade announced that former Swift CEO Lazaro Campos has become chairman and will help the company expand its business. The company disclosed that trading volume over the past 12 months exceeded $1 billion, and its total value locked currently stands at $300 million.
OpenTrade completed a $17 million financing round in May, led by Mercury Fund and Notion Capital, bringing cumulative funding to $32 million. Other participants included a16z crypto, AlbionVC and CMCC Global. The company provides infrastructure for fintech companies, exchanges and digital wallets, supporting them in offering U.S. dollar- and euro-denominated yield products backed by real-world assets.
CEO David Sutter said that Campos’s addition will help the company expand its services amid broader adoption of stablecoins by more financial institutions. The Swift previously led by Campos connects more than 11,000 financial institutions worldwide and processes up to $15 quadrillion a year.
Original sources:
Title: Former Swift CEO joins stablecoin firm OpenTrade as chairman Publisher: CoinDesk Publication date: 2026-10-29 URL: https://www.coindesk.com/business/2026/10/29/former-swift-ceo-joins-stablecoin-firm-opentrade-as-chairman-after-a-usd17-million-raise Source nature: media report Verification status: relevant passages read in this session, accessed on 2026-10-29 Supporting content: Campos became chairman, trading volume over the past 12 months exceeded $1 billion, TVL reached $300 million (more than $200 million in May), May financing of $17 million was led by Mercury Fund and Notion Capital, cumulative funding reached $32 million, and the business provides infrastructure for USD- and EUR-denominated yield backed by RWA
Title: OpenTrade raises $17 million to connect stablecoins to real-world assets Publisher: CoinDesk Publication date: 2026-05-06 URL: https://www.coindesk.com/business/2026/05/06/opentrade-raises-usd17-million-to-expand-stablecoin-yield-infrastructure Source nature: media report Verification status: relevant passages read in this session, accessed on 2026-10-29 Supporting content: details of the May financing round, then TVL of more than $200 million and trading volume; does not prove the current personnel appointment
ABAB AI Insight
OpenTrade was founded in 2023 and is headquartered in London, positioning itself as a stablecoin yield infrastructure provider. Its product allows fintech companies, exchanges and digital wallets to access U.S. dollar- and euro-denominated yield backed by real-world assets such as money market funds, short-term Treasuries and private credit, without having to build their own investment and compliance systems. CEO David Sutter previously oversaw network strategy at Centre, the joint venture between Circle and Coinbase.
The path of this personnel move is as follows: after the company completed a $17 million financing round in May led by Mercury Fund and Notion Capital, it brought Lazaro Campos onto the board as chairman. Campos once led Swift, which connects more than 11,000 financial institutions worldwide and processes up to about $15 quadrillion a year; he also served on the boards of the Bank of England’s real-time gross settlement system and CHAPS. The purpose of the funding and governance arrangement is to leverage his experience with traditional payment networks to expand stablecoin yield services to more financial institutions.
A comparable reference is the way some stablecoin or RWA platforms have brought in executives from traditional financial institutions. What is similar in those cases is that both sides seek to connect the network and experience of traditional payment or asset management institutions to on-chain yield products; what differs is that OpenTrade’s current scale, with TVL rising from more than $200 million in May to $300 million and trading volume over the past 12 months rising from about $250 million to more than $1 billion, has reached a level that can attract Swift-level executives, and its yield is explicitly backed by real-world assets.
This appointment changes OpenTrade’s governance and expansion path: the chairman role is being filled by a former head of a global payment network, and on the basis of cumulative funding of $32 million, the company is shifting its business focus from early product validation toward larger-scale financial institution onboarding. For fintechs and wallets using its infrastructure, it can more quickly launch stablecoin yield backed by RWA; for institutional partners, the platform adds governance experience from traditional finance. The indicators to watch are the number of new customer onboardings and whether TVL and trading volume continue to grow at their recent pace.
ABAB News · Cognitive Laws
Stablecoin yield platforms begin bringing in executives from traditional payment networks after TVL and trading volume reach the scale of hundreds of millions of dollars.
Yield products backed by real-world assets allow stablecoin holdings to tap into the yield path of traditional financial assets.
Infrastructure-layer companies embed RWA yield into existing customer interfaces by connecting fintechs and wallets.