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.