{"id":14438,"date":"2021-12-01T17:16:59","date_gmt":"2021-12-01T16:16:59","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=14438"},"modified":"2021-12-01T17:17:11","modified_gmt":"2021-12-01T16:17:11","slug":"structure-raises-20-million-to-make-crypto-investing-more-accessible-to-mobile-users","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/structure-raises-20-million-to-make-crypto-investing-more-accessible-to-mobile-users\/","title":{"rendered":"Structure raises $20 Million to make crypto investing more accessible to mobile users"},"content":{"rendered":"\n
Structure, a global trading platform<\/a> whose aim is to make crypto-based lending and investment more accessible to mobile phone users, announced it has acquired $20 million in funding to help in actualizing its goal.<\/h5>\n\n\n\n
\"Structure<\/figure><\/div>\n\n\n\n

Structure will provide decentralized financing, or “DeFi,” which is crypto-denominated loans\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> outside of traditional banking, as well as tokenized assets, which are digital representations of traditional assets like stocks and real estate.<\/p>\n\n\n\n

Polychain Capital, a crypto firm, led the round. Bixin Ventures, a crypto startup fund, and Ascensive Assets, a digital asset investment firm, are among the other investors.<\/p>\n\n\n\n

Structure, which was created this year, was valued at $150 million in the most recent funding round. Structure's endeavour is part of a growing trend among investment platforms to give regular investors access to crypto and DeFi investing.<\/p>\n\n\n\n

“We created Structure because we didn't believe people were concerned about missing out on bitcoin and Defi opportunities<\/a>. They are, in fact, missing out “Structure's president and co-founder, Bryan Hernandez, said Reuters in an interview.<\/p>\n\n\n\n

“We felt there was a pressing need to create a product that allows average people, not only financial professionals and technologists, to have access to what's going on in DeFi while remaining within the traditional financial realm.”<\/p><\/blockquote>\n\n\n\n

Prior to joining Structure, Hernadez was the CEO of Sonar Trading, a crypto-focused proprietary trading firm.<\/p>\n\n\n\n

Structure's aim as a DeFi project<\/h2>\n\n\n\n

Customers will be able to invest in tokenized equities, options, cryptocurrencies, and tokenized exchange-traded funds <\/a>through Structure, which is based in the British Virgin Islands.<\/p>\n\n\n\n

According to Structure, DeFi trading prospects have traditionally been limited to seasoned investors, leaving a largely untapped market of first-time investors.<\/p>\n\n\n\n

“We are convinced that DeFi's promise is not limited to a select few,” said Olaf Carlson-Wee, founder and CEO of Polychain, one of Structure's investors.<\/p>\n\n\n\n

The Structure App, according to Hernandez, might be released to the public by the end of the first quarter of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Structure, a global trading platform whose aim is to make crypto-based lending and investment more accessible to mobile phone users, announced it has acquired $20 million in funding to help in actualizing its goal. Structure will provide decentralized financing, or “DeFi,” which is crypto-denominated loans outside of traditional banking, as well as tokenized assets, which […]<\/p>\n","protected":false},"author":12,"featured_media":14439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[5392,5687,5688,5685,5686],"class_list":["post-14438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","tag-cryptocurrency-2","tag-mobile","tag-polychain-capital-2","tag-structure","tag-trading-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/image-14.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=14438"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14439"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=14438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=14438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=14438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}