STS Digital launches a structured cryptocurrency platform, with Kraken as its first distribution partner

According to Cointelegraph, cryptocurrency derivatives company STS Digital has announced the launch of a structured products platform for digital assets, with Kraken as its first distribution partner.

The platform allows clients to use pre-defined yield structures and employs options-based strategies. Kraken has integrated the platform via API and utilizes it to support its dual investment products, which offer qualified clients fixed returns on Bitcoin.

It is reported that on February 26, STS Digital completed a strategic financing round of $30 million, led by CMT Digital, with Kraken's parent company Payward also participating in this round of financing. The company stated that the funds will be used to expand its crypto options trading platform and institutional market access.