What is Floating Pointe?
Floating Pointe, also known as Floating Point Group (FPG), is a prime brokerage firm headquartered in Singapore. The company's core mission is to dismantle barriers to accessing liquidity across a wide array of markets, enabling the deployment of advanced cryptocurrency-centric strategies at scale. By providing robust infrastructure and sophisticated tools, Floating Pointe aims to empower institutional investors and traders to navigate the complexities of digital asset markets with greater efficiency and confidence. Their focus on prime brokerage services positions them as a key player in the evolving landscape of digital finance.
How much funding has Floating Pointe raised?
Floating Pointe has raised a total of $12M across 2 funding rounds:
Angel/Seed
$2M
Series A
$10M
Angel/Seed (2020): $2M with participation from Steve Kokinos, Naval Ravikant, BoxOne Ventures, AngelList, and Seabury Global Markets
Series A (2021): $10M led by Borderless Capital, Coinbase Ventures, Anthony Scaramucci, and Tribe Capital Growth Corp I
Key Investors in Floating Pointe
Borderless Capital
Borderless Capital is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators in blockchain and decentralized technology. Since its inception in 2018, the firm has made over 250 investments across various sectors, playing a crucial role in the growth of significant Web3 communities worldwide.
Coinbase Ventures
Coinbase Ventures is the venture capital arm of Coinbase, a prominent cryptocurrency exchange. They invest in promising early-stage companies and projects within the blockchain and cryptocurrency space, aiming to support the growth and development of the broader digital asset ecosystem.
AngelList
AngelList provides a platform for startup companies, angel investors, and job-seekers looking to work at startups. They are headquartered in San Francisco, California.
What's next for Floating Pointe?
The recent major strategic investment signals a pivotal moment for Floating Pointe, likely enabling the company to accelerate its expansion plans, enhance its technological infrastructure, and broaden its service offerings. This capital infusion is expected to fuel further innovation in its cryptocurrency-centric strategies and solidify its position as a leading prime brokerage. The company's ability to attract substantial backing suggests a strong market demand for its specialized services and a promising outlook for future growth and development within the digital asset ecosystem.
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