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New York, NY – January 13, 2022 – Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile users, just raised $20 million from investors and from a private sale of its digital currency $STXR. The company will offer decentralized finance (DeFi) crypto-denominated lending outside of traditional banking, as well as investing in tokenized assets, digital versions of assets such as stocks and real estate. Of course, Structure isn’t the only company looking to gain a stake in the nascent but fast-growing crypto lending space. While retail investors don’t have access to private token sales, there are other opportunities to gain access to the crypto market. Companies like Wellfield Technologies (TSXV:WFLD), Voyager Digital (TSX:VOYG) (OTC:VYGVF), Coinbase Global (NASDAQ:COIN), BIGG Digital Assets Inc. (CSE:BIGG) (OTCQX:BBKCF), and DeFi Technologies Inc. (NEO:DEFI) (OTC:DEFTF) are all looking to broaden their stake in the market through innovative projects, strategic investments, and partnering to create integrations.
Newly listed DeFi R&D company Wellfield Technologies (TSXV:WFLD) has developed a mainstream financial application called MoneyClip that is powered by DeFi, similar to Structure, in Canada. Wellfield is also developing unique smart contracts and protocols on Bitcoin and Ethereum, giving apps like MoneyClip and Structure the technology needed to completely bypass cryptocurrency exchanges and disrupt banking and finance.
Through their Seamless brand, Wellfield is launching a fully decentralized cross blockchain protocol that enables users to trade any cryptocurrency on any blockchain without using accounts held with crypto exchanges. Wellfield began trading on the Toronto Venture Exchange on November 30 after completing a business…
