DeFi: Structure Raises $20 Million in Round Led by Polychain Capital

Structure, a DeFi trading platform, has raised $20 million in a round led by Polychain Capital. The funding was completed via a sale of its token $STXR. The investment set a valuation of Structure at $150 million.

Other investors beyond Polychain, include Bixin Ventures and Ascensive Assets.

Structure’s mission is to open DeFi and crypto investment to a broader group of investors and traders by providing a “transparent, secure and user-friendly interface.”

Structure is open for trading 24 hours, 7 days a week, and charges no commission. Structure facilitates tokenized stocks, tokenized ETFs, crypto, and options.

Structure states that its model eliminates educational and financial barriers that can hinder DeFi investment by providing the support that newcomer investors.

Users of Structure can send and receive payments in the tokens of their choosing.

Bryan Hernandez, co-founder of Structure, said they are humbled by the faith of their investors that have committed significant resources in the round:

“These funds will allow Structure to fulfill our mission of making DeFi accessible to all, not just trading professionals and technology experts”.

Bryan Sun, another co-founder of Structure, said they will develop the framework to offer this first set of core functions with the funding:

“Straightforward, approachable investing is the future of personal finance, and Structure brings that accessibility to the world of DeFi and crypto.”

Structure is aiming for the Structure App to be available on a limited, invitation-only basis in early 2022, with a broader release a few months later.

“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,” said Olaf Carlson-Wee, Founder and CEO of Polychain. “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.”



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