What is Floating Pointe?
Floating Pointe, also known as Floating Point Group (FPG), is a prime brokerage firm headquartered in Singapore. The company specializes in removing barriers to liquidity across a wide array of markets, enabling the deployment of advanced cryptocurrency-centric strategies at scale. By facilitating access to diverse trading venues and financial instruments, Floating Pointe aims to empower institutional clients to execute sophisticated digital asset operations efficiently.
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, BoxOne Ventures, Naval Ravikant, AngelList, and Seabury Global Markets
Series A (2021): $10M led by Coinbase Ventures, Tribe Capital Growth Corp I, Borderless Capital, and Anthony Scaramucci
Key Investors in Floating Pointe
Coinbase Ventures
Coinbase Ventures is the venture capital arm of Coinbase, a leading cryptocurrency exchange. They focus on investing in promising early-stage companies within the blockchain and cryptocurrency space, aiming to support the growth and development of the broader digital asset ecosystem.
Tribe Capital Growth Corp I
Tribe Capital Growth Corp I is a special purpose acquisition company (SPAC) focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It is based in San Francisco, California.
Borderless Capital
Borderless Capital is an investment management firm dedicated to Web3 technology, supporting innovators in blockchain and decentralized technology. They have a significant track record of investments across various sectors, playing a crucial role in the growth of Web3 communities worldwide.
What's next for Floating Pointe?
The recent major strategic investment signals a pivotal growth phase for Floating Pointe. This capital infusion is expected to fuel the expansion of its technological infrastructure, enhance its market reach, and potentially broaden its service offerings. The company is well-positioned to capitalize on the increasing institutional interest in digital assets, leveraging its prime brokerage capabilities to solidify its market position and drive further innovation in the cryptocurrency ecosystem.
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