As a passionate crypto investor, I’m thrilled to share that SoSoValue, the cutting-edge AI-powered investment research platform I follow, has recently concluded a triumphant $15 million Series A funding round. This significant milestone not only validates their innovative approach but also promises exciting developments in the future.
In this funding round, which was jointly spearheaded by HSG and SmallSpark, with additional investments from Mirana Ventures and SafePal, the startup’s worth is estimated to be around $200 million. Following a seed round of $4.15 million in mid-2024, the company has now amassed close to $20 million in funding.
SoSoValue Plans SSI Protocol to Simplify Crypto Index Investing
The main purpose of the funding is to foster the advancement and growth of the SoSoValue Indices Protocol (SSI). This innovative system, known as the SSI Protocol, aims to streamline and fortify investments in the realm of cryptocurrencies by offering a unique spot crypto index solution.
In simpler terms, the SSI Protocol makes use of self-executing digital agreements stored on various blockchains to combine diverse portfolios consisting of multiple assets into a single token. This token reflects the value of the original assets, thereby providing a smooth and unified index investment experience.
Over an extended period, no one can consistently outperform the market. For average investors, the most effective strategy is index investing. SoSoValue’s co-founder, Jivvva Kwan, suggests a hassle-free investment option that follows the market trends.
According to a recent announcement by SoSoValue, they are planning to launch an open-source tool for creating investment indices. This move is intended to make investing more accessible and inclusive for everyone. With this new tool, experienced investors will have the opportunity to convert their distinctive market perceptions into practical investment strategies.
Kwan stated that this enables everyone to create their own index, reflecting our dedication to information and financial equality.
Just a few weeks following SoSoValue’s debut of four SSI tokens – MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI in December 2024 – these tokens were introduced on the Base chain as part of a trial run. The high level of initial interest was evident as more than 10,000 distinct wallets came to hold these tokens within just two weeks.
It’s important to mention that the SSI tokens are rebalanced on a monthly basis automatically. These tokens are kept safe by our licensed custodian partners, ensuring both transparency and security. Additionally, token holders incur a 0.01% tech service fee every 24 hours.
SoSoValue Expands Reach and Builds Trust
Since its launch in 2024 following its establishment in 2023, SoSoValue has grown rapidly to become a prominent research platform for digital assets, specializing in professional services. The recently acquired funds will be utilized to expand the team across marketing, engineering, and business development sectors. Additionally, the company anticipates introducing new products over the next few quarters.
The platform announced its strategy to improve its user interface, marking a pioneering step by merging net inflows and outflows of Bitcoin ETFs (exchange-traded funds) and incorporating tokenized spot indexes. This platform collects data from various sources and simplifies it for users via an intuitive dashboard, thereby creating a more balanced environment for individual investors.
As a researcher, I’ve often encountered the hurdle of locating dependable, pertinent data, as it’s dispersed across numerous distinct platforms. My team and I are dedicated to streamlining this process when it comes to investing in this specific asset class, ensuring ease for all involved parties. Our progress demonstrates the demand for valuable insights and groundbreaking solutions, as articulated by Jessie Lo, co-founder of SoSoValue.
As the SSI (Secure Settlement Infrastructure) is launched and continues to evolve, SoSoValue may become instrumental in determining the direction of cryptocurrency investment in the future.
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2025-01-08 20:31