Tokenized crypto investment app Structure raises $20M led by Polychain Capital and token sale proceeds
Structure, a mobile app providing its users crypto exchange and other tokenized investments, announced today it closed initial funding of $20 million from both seed funding led by Polychain Capital and proceeds from a sa...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Structure, a mobile app providing its users crypto exchange and other 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 every day, 24 hours a day, with zero commissions, Structure will enable its users to invest in tokenized stocks, options, cryptocurrencies, and tokenized ETFs.
With Structure, users will be able to trade, send, and receive funds between assets on different blockchains of their choosing in a direct transaction, while Structure handles the underlying infrastructure.
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.
“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.
The post Tokenized crypto investment app Structure raises $20M led by Polychain Capital and token sale proceeds appeared first on CryptoNinjas.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoNinjasRelated market context
Tokenized Stocks, Investor Rights, and Their Crypto Role
Tokenized stocks could give crypto-native investors access to equity exposure through crypto platforms, but a token that tracks a...
True Markets Launches Tokenized Equity Trading, Starting with Nvidia
True Markets has launched an on-chain orderbook for tokenized equities, starting with Nvidia against USDC.The DeFi Orderbook is de...
Fidelity explores wider access to its Ethereum tokenized money market fund
Fidelity's move to broaden access to its tokenized fund could democratize investment opportunities, impacting the DeFi landscape s...
Centrifuge brings tokenized Treasury and credit funds to Arc
Arc's integration of tokenized funds could attract more institutional capital on-chain, setting a precedent for future financial i...
Joint venture of OKX and NYSE parent ICE files for 24/7 tokenized U.S. stock trading
OKXICE, the joint venture of OKX and ICE, plans to launch tokenized U.S. stocks under SEC's new innovation exemption.
OKX, NYSE parent file to launch tokenized US stock platform
The stock trading platform seeks to offer tokenized shares in more than 60 US-listed companies under the SEC’s recently introduced...