Structure, a cellular app offering its customers crypto change and different tokenized investments, introduced immediately it closed preliminary funding of $20 million from each seed funding led by Polychain Capital and proceeds from a sale of its native STXR token. Other buyers becoming a member of embody Bixin Ventures and Ascensive Assets.
Open for buying and selling day by day, 24 hours a day, with zero commissions, Structure will allow its customers to spend money on tokenized shares, choices, cryptocurrencies, and tokenized ETFs.
With Structure, customers will be capable of commerce, ship, and obtain funds between belongings on totally different blockchains of their selecting in a direct transaction, whereas Structure handles the underlying infrastructure.
The Structure group is planning for the app to be obtainable on a restricted, invitation-only foundation in early 2022, with a wider launch a number of 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,” mentioned Bryan Hernandez, Co-Founder of Structure.
