The DeFi structured position tool Asgard has completed a $2.2 million seed round financing, led by Robot Ventures

According to the Asgard announcement, the project has completed a $2.2 million seed round financing, led by Robot Ventures, with participation from Solana Ventures, Colosseum, Primal, Presto, mtnDAO, and Dead King Society.

Asgard's flagship product is Credit Backed Positions (CBP), a new type of DeFi structured position tool, with the first batch of internal test users having created over $35 million in CBP positions. The project is built on the Solana blockchain, aiming to achieve efficient and composable structured trading on-chain.