SoSoValue Launches the Investible Spot Index Protocol SSI

Surpassing the eight million registered voters mark and recording significant growth in several areas, SoSoValue announced that it has raised $15 million in a Series A. This exciting news comes off the back of a $4.15 million seed round in July 2024, bringing the total investment to nearly $20 million. This recent Series A funding was co-led by HSG and SmallSpark, HSG being an existing shareholder who also led the previous seed round. Mirana Ventures and SafePal were the other participants in this round.

The funds will serve primarily as a reserve fund for the SoSoValue Indices (SSI) Protocol.

SoSoValue recently launched four SSI tokens on Base Chain—MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI—as beta tests in Q4 of 2024. Less than fourteen days after their respective releases, over 10,000 wallets were holding SSI tokens.

The SoSoValue Spot Index Protocol

The SoSoValue SSI protocol is a cutting-edge spot index project designed to aid efficient and well-calculated investments in the crypto market. It leverages smart contracts to repackage multiple assets, and multiple chain portfolios into wrapped tokens that represent baskets of assets. These wrapped tokens track the price actions of the underlying, achieving the goals of passive index investing. According to the team, the underlying spot assets are secured and licensed by third-party custodian partners for utmost transparency and security. With the SSI tokens rebalancing each month, token holders will pay a tech service fee of 0.01% each day.

Quoting Charlie Munger’s famous words, Jivvva Kwan—the platform’s co-founder— highlights the importance of index investing and SoSoValue's resolve to provide investors with the necessary tools to turn unique marketing schemes into actionable index strategies.

“As Charlie Munger famously said, ‘In the long run, none of us can beat the market.’ For ordinary investors, the best approach is index investing. We believe the best solution for everyday investors is a spot-based index that automatically rebalances—as a stress-free, market-tracking investment option. To further democratize investing, we plan to launch an open-source index creation tool, empowering professional investors to turn their unique market insights into actionable index strategies. This will enable anyone to issue their indices, embodying SoSoValue’s commitment to information and asset equality,” Jivvva Kwan reveals.

With the SSI protocol launch, SoSoValue supports its vision of making crypto investment resources and tools readily available for everyone. It is part of the AI-driven crypto research platform’s mission to attract and sustain healthy and long-term participation in the trillion-dollar crypto market.

The SoSoValue AI-driven Crypto Research Platform

A testament to the insatiable appetite for SSI protocols and related products is SoSoValue's unprecedented organic growth; eight million registered users in one year. The platform aims to help investors sieve through tons of data to find meaningful information and achieve it by utilizing super-advanced AI systems that analyze data and present them in simple dashboards. SoSoValue guarantees that each investor, regardless of location or knowledge level, can access the same high-quality information as others.

“Finding reliable, relevant data has historically been a challenge in the space, as it has been fragmented across disparate platforms and providers, and we are on a mission to simplify investing in this asset class for all market participants. Our growth this past year is proof there is an appetite for actionable information and products, and we will continue to expand and bring more to our users throughout the rest of this year and beyond,” SoSoValue's co-founder Jessie Lo further says about this platform’s desire to expand and onboard more years in the future.

Since SoSoValue's launch in 2024, it has rapidly grown to become the largest professional research platform for the crypto industry. As the first to highlight net in-flows and outflows from Bitcoin ETFs in a dashboard and the first to spot indexes in token form, SoSoValue solidifies its stance as the leading platform and the upcoming SSI protocol launch will further prove that.