SoSoValue Raises $15 Million in Series A Funding for SSI Protocol
SoSoValue, an AI-powered crypto financial research platform, raised $15 million in a Series A funding round, increasing its valuation to $200 million. The funding will support the development of the SoSoValue Indices (SSI), an investible spot index protocol designed to simplify crypto investing with wrapped tokens that represent diversified cryptocurrency baskets.
Key Points about SSI Protocol
- Launched in beta on Coinbase’s Base chain in December
- Introduced four SSI tokens: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI
- Tokens automatically rebalance monthly
- Over 10,000 unique wallet addresses held SSI tokens within two weeks of launch
- Assets secured by licensed custodians for transparency
- Minimal tech service fee of 0.01% per day for token holders
Future plans include an open-source tool for creating custom indices, allowing professional investors to design unique strategies and issue personalized tokens.
Growth and User Demand
- SoSoValue gained over eight million registered users within one year of launch
- Popular for Bitcoin ETFs capital flows dashboard and fundraising trend analysis
- First to introduce tokenized spot indexes
The recent funding will also enhance engineering, marketing, and business development teams, aiming to launch additional products. Previously, SoSoValue secured $4.15 million in seed funding to improve data services and expand its research community.