The encryption research and investment platform SoSoValue has completed a $15 million Series A financing round, serving as the reserve fund for the first Spot encryption index protocol SSI.

Odaily Planet Daily News AI-driven encryption research platform SoSoValue announced the completion of a $15 million Series A financing, with investors in this round including HongShan, Small Sparks, Mirana Ventures, and Safepal. Prior to this round of financing, SoSoValue had completed a $4.15 million seed round of financing in mid-2024, bringing the total financing amount of the project to nearly $20 million. SoSoValue stated that this round of financing was completed at the end of December, and the funds will mainly be used for the reserve fund of SoSoValue Indices (SSI). SSI is an innovative spot encryption index protocol designed to promote efficient investments in the encryption market and make SoSoValue the first institution to introduce spot indices to the market in token form. According to information, SoSoValue launched four SSI products at the end of December 2024, namely: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (hedging type). By launching the SSI protocol, SoSoValue demonstrates its goal of focusing on making encryption investment tools and high-quality encryption assets more equal and popular. The inclusion of the SSI protocol into SoSoValue's comprehensive data platform is a natural evolution to attract and maintain healthy long-term market participants. At the same time, the registered users on the SoSoValue platform have exceeded 8 million, SoSoValue co-founder Jivvva Kwan said that the best investment method for ordinary investors is index investment. "We believe that the optimal solution for daily investors is to create an index based on encryption spot, which can automatically rebalance and serve as a stress-free, market-tracking investment option. At the same time, in order to further achieve the popularization of investment, we plan to launch an open-source index automation construction tool, empowering professional investors to transform their unique market insights into actionable index strategies, and anyone can issue their own index based on this." At the same time, the funds raised in this round will also be used to expand the market, engineering and business development team, and promote more products to be listed in the next few quarters. (Fortune)