SoSoValue, an AI-driven financial investment research study platform, has actually revealed the effective conclusion of a $15 million Series A financing round.
This round, co-led by HSG and SmallSpark with contributions from Mirana Ventures and SafePal, raises the start-up’s assessment to roughly $200 million. Following a $4.15 million seed round in mid-2024, the business has actually now raised almost $20 million.
SoSoValue Plans SSI Protocol to Simplify Crypto Index Investing
The financing will mostly support the advancement and growth of the SoSoValue Indices (SSI) Protocol. The SSI is an unique area crypto index option created to streamline and protect cryptocurrency financial investments.
The SSI Protocol uses on-chain clever agreements to bundle multi-chain, multi-asset portfolios into covered tokens. These tokens track the hidden property rates, developing a smooth index financial investment experience.
“In the long run, none people can beat the marketplace. For common financiers, the very best technique is index investing. SSI uses a worry-free, market-tracking financial investment alternative,” stated Jivvva Kwan, co-founder of SoSoValue.
In journalism release, SoSoValue stated it prepares to present an open-source index development tool to additional equalize investing. This tool would make it possible for expert financiers to turn special market insights into actionable techniques.
“This will empower anybody to provide their own indices, embodying our dedication to details and possession equality,” Kwan included.
The statement comes just weeks after SoSoValue released 4 SSI tokens– MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI in December 2024. These tokens introduced atop the Base chain as part of a beta test. Within 2 weeks, over 10,000 distinct wallet addresses held these tokens, showing strong preliminary interest.
It deserves keeping in mind that the SSI tokens immediately rebalance regular monthly. Certified custodian partners protect them to guarantee complete openness and security. Token holders pay a 0.01% tech service charge per 24 hours.
SoSoValue Expands Reach and Builds Trust
SoSoValue has actually rapidly developed itself as a leading expert research study platform for digital possessions because its creation in 2023 and its launch in 2024. The recently protected funds will support group growth in marketing, engineering, and company advancement. The business likewise prepares to present brand-new items over the coming quarters.
Particularly, the platform exposed strategies to boost its control panel. It was the very first to combine net inflows and outflows from Bitcoin ETFs (exchange-traded funds) and incorporate area indexes in token kind. The platform aggregates information from several sources and provides it through an instinctive control panel that levels the playing field for retail financiers.
“Finding trustworthy, appropriate information has actually traditionally been an obstacle, as it’s fragmented throughout diverse platforms. We intend to streamline purchasing this property class for all individuals. Our development shows the hunger for actionable details and ingenious items,” stated Jessie Lo, co-founder of SoSoValue.
With the SSI launch and continuous advancement, SoSoValue is might play an essential function in forming the future of crypto financial investments.
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