Struct Finance Procures $3.9 Million: Top Investors Contribute For DeFi Focused Structured Products

The concept of Decentralised Finance (DeFi) has made a significant position in the minds of entities and organizations and is constantly growing.

Struct Finance is a newly emerged DeFi protocol that has recently secured $3.9 million in seed funding to move smoothly towards the innovation.

It has witnessed top investors contribute to the seed funding round that is inclined towards structured products.

In recent times, the Decentralised Finance (DeFi) industry has been witnessing massive growth and popularity. And more enhanced and customizable products are entering the space, which also involves DeFi focused structured protocols.

Struct Finance, the newly emerged DeFi protocol, has recently secured $3.9 million in seed funding to move smoothly towards the innovation. Institutions and Consumers are also expressing their interest in investment in structured products.

Structured products here signify investing in a product that derives its value from an underlying asset. It is basically an indirect means to have exposure to the common markets, stocks, currencies, or even cryptocurrencies.

The structured product markets have seen a growth of more than $7 trillion in conventional finance. It creates great liquidity and opportunity for the crypto industry and the Decentralised Finance sector.

If we talk about the traditional structured products, there are certain limitations in there, like the developers decide the parameters available across the derivative instruments. Also, there is fragmented liquidity and higher slippage. But still, the industry continues to grow, but DeFi remains to be the future.

How This Funding would Facilitate the Company?

Struct Finance, this new DeFi protocol takes the current structured products and makes them more appealing by utilizing blockchain technology and smart contracts. Facilitating the users to customize the interest rate instruments and to compose them with options to make custom-tailored products. These products completely depend upon the users as they can make them as simple or complex as they want them to be.

This company has already managed to secure massive funding from a lot of top companies. Some of the names include Arcanum Capital, Antlet, Double Peak, Bison Fund, Woodstock, Finality Capita Partners, etc.

According to Galen Law-Kun, the Double Peak Founding Partner, Struct Finance marks their first DeFi Investment in the AVAX ecosystem. She further cited that their company is excited to be a part of this journey in bringing mainstream adoption to DeFi and in the long term, support a multichain future for Struct Finance.

Struct Capital has secured $3.9 million via a seed funding round, these funds would be utilized to enhance its suites of tools for instruments to customize interest rate products and also to unlock composability to provide better-suited products to several investor profiles.

Cryptocurrency and Blockchain investors on a global level might develop an interest in this new approach by Struct Finance. The DeFi sector can also witness high growth via DeFi oriented structured products. Currently, the DeFi sector has a total value locked of over $200 Billion.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing