Former Swift CEO Lazaro Campos joins OpenTrade as chairman

The London-based stablecoin yield firm adds a payments heavyweight to its board nearly six months after a $17 million raise The man who once ran the plumbing of global banking is now chairing a stablecoin startup. Lazaro Campos, the former CEO of Swift, has joined London-based OpenTrade as chairman, the company announced Friday. Swift is the financial messaging network that banks use to talk to each other about moving money. OpenTrade wants businesses to offer yield on stablecoins. Who OpenTrade is and what it does OpenTrade was founded in 2023. It builds infrastructure that lets businesses offer dollar- and euro-denominated returns backed by real-world assets. Think of it as a back-office kit for yield. A fintech, neobank or exchange wants to pay customers a return on their stablecoin balances. Instead of building the compliance and operational machinery itself, it plugs into OpenTrade. Real-world assets, or RWAs, are traditional financial instruments represented on a blockchain. The pitch is that customers earn returns tied to conventional finance while holding digital dollars or euros. OpenTrade lists JPMorgan, BlackRock, Franklin Templeton and Fidelity among the institutional p...