- Structure — a global mobile-first financial platform that will offer universally accessible decentralized finance — announced it has closed initial funding of $20 million. These are the details.
Structure — a global mobile-first financial platform that will offer universally accessible decentralized finance — announced it has closed initial funding of $20 million including both seed funding led by Polychain Capital and proceeds from a sale of its token $STXR. And other investors participating include Bixin Ventures and Ascensive Assets. As of the latest funding round, Structure is valued at approximately $150 million.
Launched in 2021, Structure aims to open DeFi and crypto investment opportunities to a wider group of potential investors and traders by providing a transparent, secure, and user-friendly interface. And Structure, open for trading 24 hours a day every day and charging zero commissions, will enable its clients to invest in tokenized stocks, options, cryptocurrencies and tokenized ETFs. By using Structure, clients will be freed from executing multi-legged swaps and empowered to trade directly between the assets they choose with a single transaction. Plus users of Structure will be able to send and receive payments in the tokens of their choosing. The clients will simply select the tokens they want to use and Structure will do the rest.
Led by a group of engineers, traders, and designers, Structure’s 24/7, mobile-first platform prioritizes user accessibility, providing investors of all experience levels insight on DeFi trading opportunities that historically have only been accessible to seasoned investors. And as the crypto and DeFi industries grow in complexity and popularity, Structure’s model eliminates the educational and financial barriers that traditionally hinder DeFi investment by providing the support that newcomer investors need to participate in the decentralized finance ecosystem in an informed way.
Structure is aiming for the Structure App to be available on a limited and invitation-only basis in early 2022, with a broader release a few months later.
KEY QUOTES:
“We are humbled and excited by the faith this group of investors has shown with the significant resources they have committed to our latest fundraising round. These funds will allow Structure to fulfill our mission of making DeFi accessible to all, not just trading professionals and technology experts.”
— Bryan Hernandez, co-founder of Structure
“With the funds raised, Structure will develop the framework to offer the first set of core functionality to users of the Structure mobile platform. Straightforward, approachable investing is the future of personal finance, and Structure brings that accessibility to the world of DeFi and crypto.”
— Bryan Sun
“We are extremely pleased to partner with this amazing team of visionary engineers and entrepreneurs to bring the opportunities of DeFi to the broader population. We believe strongly that the promise of DeFi is not reserved for the few and we look forward to helping the team at Structure to bridge that gap.”
— Olaf Carlson-Wee, Founder and CEO of Polychain
