Former Swift CEO Appointed Chairman of OpenTrade

On October 29 that according to CoinDesk, former Swift CEO Lazaro Campos has joined London-based stablecoin yield infrastructure company OpenTrade as chairman. OpenTrade stated that Campos will assist the company in expanding its operations as more financial institutions adopt stablecoins.

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