Structure, a mobile platform that will offer users crypto exchange and tokenized investments, announced today it closed initial funding of $20 million from both seed funding led by Polychain Capital and proceeds from a sale of its native STXR token. Other investors joining include Bixin Ventures and Ascensive Assets.
Open for trading 24 hours a day every day plus zero commissions, Structure will enable its users to invest in tokenized stocks, options, cryptocurrencies, and tokenized ETFs. Furthermore, by using Structure, clients will be able to trade directly between the assets and blockchains they choose in a single transaction. Users of Structure will be able to simply send and receive payments in the blockchain of their selection, while Structure handles the underlying infrastructure.
“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,” said Bryan Hernandez, co-founder of Structure. “These funds will allow Structure to fulfill our mission of making DeFi accessible to all, not just trading professionals and technology experts”.
The Structure team is planning for the app to be available on a limited, invitation-only basis in early 2022, with a wider release a few months later.
The post Tokenized crypto investment app Structure raises $20M led by Polychain Capital and token sale proceeds appeared first on CryptoNinjas.
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