SoSoValue to launch crypto indices after $15m funding
Crypto market data shop SoSoValue has raised $15 million in a Series A funding round, reaching a $200 million valuation ahead of a token and indices launch.
ETF tracking platform SoSoValue plans to launch a crypto spot indices protocol and four wrapped tokens following a $15 million cash raise led by SmallSpark.ai and HongShan, previously known as Sequoia China.
Called the SoSoValue Indices protocol, the crypto market data provider will allow investments through an ensemble of tokens issued on Base, an Ethereum scaling solution backed by crypto exchange titan Coinbase.
The four wrapped tokens, including MAG7.SSI, MEME.SSI, DEFI.SSI, and USSI, will soon debut to provide a broad channel into major cryptocurrency…
