Struct Finance, a Decentralized Finance (DeFi) protocol company, has raised $3.9 million in a Seed investment round to develop tools that would enable the ecosystem to design, compose, and invest in decentralised structured products.
Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Blizzard Fund, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital, Lucidblue, MC Ventures, QCP Capital, SCC Investments, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures led the new round
With this round of funding, Struct Finance says it will focus on building 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 combine various interest rate products, options, and other financial instruments to create investments that may be tailored to a variety of risk profiles, market expectations, and asset classes.
Structured products are a natural step for the space, given the emergence of derivatives in the crypto markets. These sophisticated products have been gaining pace in DeFi, mostly in the form of covered calls and cash-margined puts, and have a market cap of over $7 trillion in TradFi.
