Structure, a mobile application that provides crypto exchanges and other tokenized investments for its users, announced today that it received an initial $20 million from seed funding led by Polychain Capital and the proceeds from the sale of its native STXR tokens funds. Other investors joining include Bixin Ventures and Ascensive Assets.
Open 24 hours a day for trading, with zero commissions, Structure will enable its users to invest in tokenized stocks, options, cryptocurrencies, and tokenized ETFs.
Using Structure, users will be able to trade, send and receive funds between assets on different blockchains of their choice in direct transactions, while Structure handles the underlying infrastructure.
The Structure team plans to provide the application in a limited, invitation-only manner in early 2022, and to release it more widely in a few months.
Structure co-founder Bryan Hernandez said: “We are humble and excited about the confidence this group of investors have shown in the substantial resources invested in our latest round of financing.”