SoSoValue Raises $15 Million to Launch SSI Crypto Index Protocol
SoSoValue, an artificial intelligence-driven investment research platform, announced the successful completion of a $15 million Series A round of financing.
The round, co-led by HSG and SmallSpark, with funding from Mirana Ventures and SafePal, boosts the startup’s valuation to approximately $200 million. The company has now raised nearly $20 million, following a $4.15 million seed round in mid-2024.
SoSoValue plans to use SSI protocol to simplify cryptocurrency index investing
The funding will primarily support the development and expansion of the SoSoValue Index (SSI) protocol. SSI is a novel spot crypto index solution designed to simplify and protect cryptocurrency investing.
The SSI protocol adopts on-chain smart contract Bundle multi-chain, multi-asset portfolios into wrapped tokens. These tokens track the price of the underlying asset, creating a seamless index investing experience.
“None of us can beat the market in the long run. For the average investor, the best approach is index investing. SSI offers stress-free, market-tracking investment options,” explain Jivvva Kwan, co-founder of SoSoValue.
SoSoValue said in a press release that it plans to launch an open-source index creation tool to further democratize investing. This tool will enable professional investors to turn unique market insights into actionable strategies.
“This will enable anyone to issue their own index, reflecting our commitment to information and asset equality,” Guan added.
The announcement follows the launch of four SSI tokens at SoSoValue — MAG7.ssi, MEME.ssi, DEFI.ssi and USSI launch in December 2024. These tokens are released on the Base chain as part of beta testing. Within two weeks, over 10,000 unique wallet addresses held the tokens, showing strong initial interest.
It’s worth noting that SSI tokens are automatically rebalanced every month. It is protected by a licensed hosting partner to ensure full transparency and Safety. Token holders pay a technical service fee of 0.01% every 24 hours.
SoSoValue expands reach and builds trust
At the same time, SoSoValue has quickly become a leading professional research platform for digital assets since its establishment in 2023 and launch in 2024. The new funding will support team expansion in marketing, engineering and business development. The company also plans to launch new products in the coming quarters.
Specifically, the platform revealed plans to enhance its dashboard. It was the first country to unify net inflows and net outflows. Bitcoin ETF (Exchange Traded Funds) and integrate spot indices in the form of tokens. The platform aggregates data from multiple sources and presents it through intuitive dashboards, leveling the playing field for retail investors.
“Finding reliable, relevant data has historically been a challenge because it is fragmented across different platforms. Our goal is to simplify investing in this asset class for all participants. Our growth is a testament to the need for actionable information and demand for innovative products,” said Jessie Lo, co-founder of SoSoValue.
As SSI launches and continues to grow, SoSoValue can play a key role in shaping the future of cryptocurrency investing.
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