DeFi protocol Struct Finance has raised $3.9 million in its 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 including Antler, Arcanum Capital, Assymetries Technologies, Avalaunch,
AVentures Dao, Bison Fund, Bixin Ventures, Blizzard Fund among others.
Struct Finance will use this fresh fundsl 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.
The startup has recently started gaining traction in DeFi, predominantly in the form of covered calls and cash-margined puts.
