Term Structure, a fixed income protocol, has completed a $4.25 million seed round of financing with Cumberland DRW as the lead investor.

According to BlockBeats news on November 30th, non-custodial fixed income protocol Term Structure announced the completion of a $4.25 million seed round of financing, led by Cumberland DRW, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. The total amount of financing has exceeded $8 million so far. Term Structure has been launched on the Ethereum Goerli testnet and currently has two core markets on its platform. In the primary market, users can publish orders for borrowing or lending tokens, including fixed interest rates and fixed maturity dates. In the secondary market, users can buy and sell fixed income tokens through an order book trading system.