News Heat Trend
Project Overview
Mercury is a company that engages fans of collegiate sports programs. They create collegiate fan platforms to strengthen the connections between fans, student-athletes, and universities by using digital assets. Mercury's main products are localized, university-branded community platforms that use NFTs to provide remarkable fan experiences.Before launching each platform, Mercury works closely with athletic programs to personalize special features and experiences based on the school's traditions, rivalries, values, and other unique aspects. NFT-based memberships and NFT-restricted events are integral parts of Mercury's platforms. In addition, each school platform will incorporate native chat and social media elements that will reward meaningful engagement while constructing a unified digital community.
Fintech company Mercury completes $200 million funding round with participation from a16z and Sequoia Capital
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
OpenTrade raises $17 million in strategic funding led by Mercury Fund and Notion Capital
OpenTrade has announced the completion of a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others. The project primarily provides institutional-grade on-chain and real-world asset-backed lending and stablecoin yield products. OpenTrade plans to use the funds to expand its permissioned and permissionless infrastructure, including the Curation+ vault curation framework, and to grow its asset management, trading, and engineering teams. OpenTrade processed over $250 million in transaction volume in 2025 and currently has a total value locked exceeding $200 million.
Related news
Fintech company Mercury completes $200 million funding round with participation from a16z and Sequoia Capital
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
Metaplanet Delays Preferred Stock Listing Plan Due to Structural Challenges in the Japanese Market
Metaplanet CEO Simon Gerovich stated that the company has postponed its planned listings of the Mars and Mercury preferred shares due to the immaturity of Japan’s preferred stock market and restrictions imposed by exchange rules. He explained that Japanese exchanges require preferred share dividends to be supported by sustainable, recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns across varying market conditions. Additionally, the company plans to distribute dividends monthly, whereas the Japanese market typically follows annual or semi-annual dividend schedules, and the related infrastructure remains under development. Metaplanet currently holds 40,177 BTC, and its stock price has declined 25% year-to-date.
OpenTrade raises $17 million in strategic funding led by Mercury Fund and Notion Capital
OpenTrade has announced the completion of a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others. The project primarily provides institutional-grade on-chain and real-world asset-backed lending and stablecoin yield products. OpenTrade plans to use the funds to expand its permissioned and permissionless infrastructure, including the Curation+ vault curation framework, and to grow its asset management, trading, and engineering teams. OpenTrade processed over $250 million in transaction volume in 2025 and currently has a total value locked exceeding $200 million.