TREE NEWS update: Lazaro Campos, former chief executive of Swift, has joined London-based stablecoin yield platform OpenTrade as chairman, the company said on October 29. OpenTrade processed more than $1 billion in transaction volume over the past year, and its total value locked stands at $300 million, up from over $200 million in May. Founded in 2023, the platform helps businesses offer USD- and EUR-denominated yields backed by real-world assets and has raised $32 million to date.
Ex-Swift CEO Lazaro Campos Joins OpenTrade as Chairman
Campos's move from the interbank messaging backbone into a stablecoin yield platform signals that tokenized real-world asset infrastructure is now recruiting from traditional finance's upper ranks, not just crypto natives. The appointment matters most for institutional credibility: a former Swift chief as chairman gives OpenTrade a recognizable name when it courts regulated counterparties. The open question is whether that credibility converts into deeper integration with banks and payment firms, or remains a signaling hire while the platform's growth in TVL and volume does the actual work.
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