Trading Platform Looking To Bring Crypto Investing To Mobile Users, Raises $20 Million
NDTV
Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile phone users, raised $20 million in capital from investors and from a private sale of its digital currency $STXR.
Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile phone users, said on Wednesday it has raised $20 million in capital from investors and from a private sale of its digital currency $STXR.
Structure will offer decentralized finance, or "DeFi" - crypto-denominated lending outside of traditional banking - as well as investing in tokenized assets, digital versions of assets such as stocks and real estate.
The funding was led by crypto fund Polychain Capital. Other investors include Bixin Ventures, a crypto venture fund, and Ascensive Assets, a digital asset investment firm.
The latest funding valued Structure, which was launched this year, at $150 million. Structure's venture represents a growing trend among investment platforms to expand access to crypto and DeFi investing to retail investors.
