Struct Finance raises $3.9 million in funding from Antler, Arcanum Capital, others – Economic Times

New Delhi: Decentralised finance (DeFi) protocol firm Struct Finance on Tuesday announced that it has raised $3.9 million from Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, among others.

The funding round also saw participation from several other investors including AVentures Dao, Bison Fund, Bixin Ventures, Blizzard Fund, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital and others.

The company plans to use the fresh capital to build out the tools for institutions to easily customise 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 utilise 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.

“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,” Markus Bruderer, partner, Antler said.

Struct Finance, founded by Louis Ng, Ersin Dalkali and Miguel Depaz, expands the spectrum of on-chain structured products by offering users a way to customise interest rate instruments and compose them with options available in the ecosystem to construct superior financial products.

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“As crypto markets mature and DeFi takes root, the need for sophisticated instruments which are capable of supporting the demands of institutional and retail investors becomes paramount. Struct not only offers this, but also allows users to compose existing instruments together, opening an endless array of strategies,” Mark Stanwyck, cofounder, Avalaunch said.

Galen Law-Kun, founding partner, Double Peak said the leadership team of Struct Finance will set the gold standard of templated smart contracts.

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