The post SoSoValue Raises $15 Million to Launch SSI Crypto Index Protocol appeared on BitcoinEthereumNews.com.

SoSoValue, an AI-driven investment research platform, has announced the successful completion of a $15 million Series A funding round. This round, co-led by HSG and SmallSpark with contributions from Mirana Ventures and SafePal, elevates the startup’s valuation to approximately $200 million. Following a $4.15 million seed round in mid-2024, the company has now raised nearly $20 million. SoSoValue Plans SSI Protocol to Simplify Crypto Index Investing The funding will primarily support the development and expansion of the SoSoValue Indices (SSI) Protocol. The SSI is a novel spot crypto index solution designed to simplify and secure cryptocurrency investments. The SSI Protocol employs on-chain smart contracts to bundle multi-chain, multi-asset portfolios into wrapped tokens. These tokens track the underlying asset prices, creating a seamless index investment experience. “In the long run, none of us can beat the market. For ordinary investors, the best approach is index investing. SSI offers a stress-free, market-tracking investment option,” said Jivvva Kwan, co-founder of SoSoValue. In the press release, SoSoValue said it plans to introduce an open-source index creation tool to further democratize investing. This tool would enable professional investors to turn unique market insights into actionable strategies. “This will empower anyone to issue their own indices, embodying our commitment to information and asset equality,” Kwan added. The announcement comes only weeks after SoSoValue launched four SSI tokens — MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI in December 2024. These tokens launched atop the Base chain as part of a beta test. Within two weeks, over 10,000 unique wallet addresses held these tokens, demonstrating strong initial interest. It is worth noting that the SSI tokens automatically rebalance monthly. Licensed custodian partners secure them to ensure full transparency and security. Token holders pay a 0.01% tech service fee per 24 hours. SoSoValue Expands Reach and Builds Trust Meanwhile, SoSoValue has…

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Filed under: News - @ January 8, 2025 5:23 pm