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SoSoValue plans to launch indices and tokens after raising $15 million

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by Giorgi Kostiuk

3 months ago

SoSoValue has announced raising $15 million in a Series A funding round, achieving a $200 million valuation ahead of plans to launch indices and tokens.

Investment and SoSoValue's Plans

SoSoValue raised $15 million in Series A funding with participation from SmallSpark.ai and HongShan. These funds are planned to be used for launching an indices protocol and four wrapped tokens on the Base platform.

Upcoming Indices and Tokens Launch

SoSoValue plans to launch an indices protocol and four tokens: MAG7.SSI, MEME.SSI, DEFI.SSI, and USSI. These tokens will provide access to major cryptocurrency assets.

SoSoValue's Popularity Surge Following ETF Approval

SoSoValue's popularity grew after SEC's approval of spot Bitcoin ETFs. The company offers data and reporting for BTC and ETH-based ETFs.

SoSoValue was noted as a crypto-native startup recording daily volume and assets under management.None

The investment raise and the planned launch of new products strengthen SoSoValue's position as a key player in the crypto data market.

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