Phuture Raises $1.5m in Seed Funding to Launch Indexing Protocol on Ethereum

Phuture Raises $1.5m in Seed Funding to Launch Indexing Protocol on Ethereum

press release

PRESS RELEASE. Phuture, a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment, today announced that it has completed its private seed round fundraise. The round, led by Ascensive Assets, raised a total of $1.5 million.

Once live, Phuture will introduce an open design philosophy for creating passive investment strategies. Designed from the ground up to be intuitive to both crypto and non-crypto native users, Phuture provides the tools to create new indices or invest into existing ones created by the community. The Phuture protocol introduces its unique, scalable, aggregated index architecture that allows it to rebalance across multiple indices simultaneously. Its smart rebalancing engine dynamically ascertains the optimal rebalancing triggers, minimising value lost through swaps and improving index performance.

The round included several prominent blockchain investors, including: NGC Ventures, SevenX, Moonrock Capital, Origin Capital, Waterdrip Capital, and D64.

Other backers included Genblock Capital, Decentralabs, Synergia, Vendetta Capital, Richard Ma (CEO of QuantStamp), Danish Chaudry (CEO of Bitcoin.com Exchange), and leading liquidity provider Skynet Trading.

Charles Storry, Head of Growth at Phuture, said:

On its investment into Phuture, Oliver Blakey, Managing Partner at Ascensive Assets, added:

 

About Phuture:

Phuture is a decentralised protocol built for the creation and investment of token based passive investment strategies in a Web3 environment.

The Phuture protocol introduces a permissionless index creation process that is capable of delivering powerful index products with dynamic weights, sector tracking and asset yield optimisation.

Website: phuture.finance

Twitter: https://twitter.com/Phuturedao

Telegram: https://t.me/phuture_group

Gitbooks: https://docs.phuture.finance/

Medium: https://phuture-finance.medium.com/

 

Source: news.bitcoin

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