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OpenDoor Secures $10 Million

OpenDoor Secures $10 Million
Credit: opendoorllc.com

OpenDoor, a financial technology company that provides tools for institutional investors to improve execution quality in illiquid segments of the U.S. Treasury market, has completed an investment round of $10 million.

According to the company, its market-based solution is the first session-based, all-to-all, anonymous trading platform for off-the-run U.S. Treasuries and Treasury inflation-protected securities. OpenDoor also aims to provide equal access and a level playing field for participants and is engineered to prevent information leakage. In the nine months since its launch, OpenDoor has facilitated more than $275 billion in orders, with matched trading volume reaching $10 billion — $1 billion in the first week of January, 2018, alone.

The new funds will accelerate the company’s expansion with additional hires in sales and marketing, as well as significant enhancements to the company’s platform.