The encrypted data platform SoSoValue has completed a $15 million financing round, led by Hongshan and others

ChainCatcher news, the encrypted data platform SoSoValue has completed a $15 million financing round at a valuation of $200 million, led by Hongshan, SmallSpark, Mirana Ventures, and Safepal. This round of financing brings its total funds raised to nearly $20 million.

The company plans to use the new funds to continue launching new investment products as part of its SoSoValue index protocol. This protocol uses smart contracts to automatically purchase digital assets and package them into wrapped tokens.

According to RootData, SoSoValue is a one-stop financial research platform for cryptocurrency investors, providing investors with real, high-quality macro market information to assist them in more effective investment research. It also offers an AI-based classification system for news and research, connecting macroeconomic data with the cryptocurrency market.