Struct Finance Secures $3.9 Million to Enable Structured Products on DeFi
A total of twenty-four top name companies have taken part in the funding round for Struct Finance.
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DeFi protocol Struct Finance announced the closure of a $3.9 million seed round to develop the tools that will allow the ecosystem to customize, compose, and invest in decentralized structured products.
A total of twenty-four top name companies have taken part in the funding round for Struct Finance, as follows: Blizzard Fund (Avalanche’s 200 Million fund), Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital, Lucidblue, MC Ventures, QCP Capital, SCC Investments, Skyvision Capital, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures.
Struct Finance will use this fresh injection of capital to build out the tools for institutions to easily customize their interest rate products and compose them with options to construct structured products that are better suited to the profiles of different investors.
Structured products utilize a permutation of different interest rate products, options, and other financial instruments to construct investments that can be adapted to different risk profiles, market expectations, and asset classes. With the emergence of derivatives in the crypto markets, structured products are a natural evolution for the space. These sophisticated products have been growing in popularity (over $7 trillion in TradFi), and have recently started gaining traction in DeFi, predominantly in the form of covered calls and cash-margined puts.
Galen Law-Kun, Founding Partner at Double Peak, said:
“Struct Finance marks our first DeFi Investment into the AVAX Ecosystem. Through the leadership of Louis, Ersin and Miguel, we believe Struct Finance will set the gold standard of templated smart contracts. Thus, allowing people to easily release their own structured financial products either on AVAX or various other ecosystems. Double Peak Group is very 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.”
Markus Bruderer, Partner at Antler, added:
“The Struct Finance team met in the Antler Singapore program. Upon strong validation of their business idea, the team founded Struct Finance and received pre-Seed funding by Antler. As the DeFi infrastructure evolves, there is a need for more flexible investment products. Struct Finance is addressing this with their innovative protocol layer for structured derivatives in DeFi.”
Struct Finance further expands the spectrum of on-chain structured products by offering users a way to customize interest rate instruments and compose them with options available in the ecosystem to construct superior financial products. The platform opens up the number of investment choices available, enabling varying protection levels, abstracts risk management and complex pricing away from its users while providing highly-competitive yields on various digital assets. The team is currently launching on Avalanche but intends to scale into other EVM compatible chains in the near future.