Structure.fi to Support Financial Innovations within Regulatory Sandbox

Structure.fi, a global financial platform that recently raised $20 million to offer its mainstream audience a mobile-first personal finance tool capable of transacting seamlessly across all asset classes, announced that the government of the British Virgin Islands (BVI) and the BVI Financial Services Commission (FSC) have “made them only the second company ever to be admitted to its regulatory sandbox.”

Founded in 2021, Structure.fi raised $20 million from Polychain Capital and others “to enable mainstream investors and traders to access DeFi opportunities, cryptocurrencies and traditional investment opportunities like tokenized stocks via a single, mobile-first, user-friendly interface.”

Structure.fi fits “within the category of technology innovation the BVI is seeking to encourage with its new framework.”

Structure.fi will “offer its clients the ability to invest in tokenized stocks, options, cryptocurrencies and ETFs, 24 hours a day with zero commissions.”

Moreover, unlike platforms that require investors to execute multiple trades to make their desired allocations, Structure.fi’s users will be able “to trade directly between any pair of assets in a single execution and make and receive payments in the tokens of their choosing.”

After almost 40 years as one of the world’s leading finance centers for cross-border trading and investment, the BVI recently “created its regulatory sandbox to foster financial technology innovations.”

At its essence, the sandbox “offers the assurance of regulatory oversight, while allowing companies to grow at scale and develop new, innovative technology.” Participants can “continue in the sandbox for up to 24 months.”

Bryan Hernandez, co-founder of Structure.fi, said:

“The BVI has been a leader in global financial regulation for a generation and we couldn’t be more pleased to participate in their latest effort to push financial markets forward. We look forward to tapping into their wealth of regulatory knowledge and experience as we open the doors to the next generation of personal investing.”

In order to be chosen by BVI for participation, Structure.fi was ‘required to demonstrate a distinct level of competency, integrity and financial soundness.”

Significantly, the BVI also “requires compliance with KYC/AML standards that many decentralized financial projects are unwilling or unable to adhere to, as well as ongoing governance related to the number of clients served, interim reporting and recordkeeping, among other prescriptions.”

Created by a group of engineers, traders and designers, Structure.fi’s 24/7, mobile-first platform prioritizes user accessibility, “providing investors of all experience levels access to investment opportunities that historically have only been available to elite, wealthy investors.”

In particular, when it comes to the crypto and DeFi industries, as complexity and popularity grow, Structure.fi’s model “eliminates the educational and financial barriers that traditionally hinder investment in nascent markets by providing the support that newcomer investors need to participate in the decentralized finance ecosystem in an informed way.”

Structure.fi is opening the product to “a growing number of participants, obtaining real-time feedback from users in order to bring a product to market that fulfills Structure.fi’s commitment to create a platform that works for the broadest range of potential investors.”

During the application process, Structure.fi was “aided by the British Virgin Islands based Harneys law firm.”

Philip Graham, Head of BVI Funds and Regulatory at Harney, said:

“We are absolutely delighted with this outcome and were very happy to have been able to assist Structure.fi in becoming the first operator of its kind to receive approval from the BVI Financial Services Commission to be a BVI Sandbox participant. As the BVI heads in this direction to embrace and regulate the cryptocurrency industry sensibly, we continue to assist our digitally focused clients in this new and exciting space, who have chosen to make the BVI their jurisdiction of choice.”

As noted in an update shared with CI, Structure.fi is “a global financial platform that opens the door for mainstream investors to seamlessly participate in the DeFi, Crypto and traditional markets without the traditional educational and financial barriers.”

Guided by the principles of DeFi, Structure.fi will “allow investors of all experience levels to quickly and simply trade assets on an easy-to-use, secure platform and eventually to earn, borrow and lend.”

Offering 24/7 access, hands-on support and seamless transaction Structure.fi’s consumer-first approach “brings accessibility and simplicity to the complex financial worlds of DeFi and Crypto.”

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