STS Digital unveils structured crypto platform, brings in Kraken as distribution partner

STS Digital, a crypto options trading firm, has unveiled a new structured-products platform targeting banks, family offices, and high-net-worth individuals, covering 400 tokens. This launch follows the company's recent $30 million fundraising round. Kraken, whose parent company Payward participated in the funding, will serve as a distribution partner for the platform. Structured crypto products are gaining traction among institutional investors seeking tailored hedging solutions beyond standard leveraged products. For Kraken, this partnership enhances its derivatives offerings; the exchange is already using STS Digital's expertise to power its Dual Investment product, enabling clients to earn fixed returns on Bitcoin and Ether. Kraken views this as adding structured strategies like covered calls, offering clients a distinct return generation method compared to staking or lending.

(Source：CoinDesk)