Index Coop
On-chain crypto index provider
- DAO
- Decentralised
- December 2021
- Current
- Seed
The Investment
Crypto as an asset class has been growing exponentially with various complex paths to gain exposure.
Index products and ETFs have solved a significant pain point and have grown to a multi-trillion dollar asset class in the traditional markets.
Index Coop is focused on creating and maintaining the best on-chain crypto indicies to allow for broad exposure through a single product. Index Coop is the go-to ETF manager for Web3. Several of their flagship products include the DeFi Pulse Index ($DPI), Ethereum 2x Flexible Leverage Index, ($ETH2x-FLI) and the Metaverse Index ($MVI). Index Coop is the largest crypto-native on-chain asset manager.
Why We Invested
The last bull standing: the year ahead for Ethereum and Liquid Staking Protocols
Index Coop releases its staked Eth index, ready for Ethereum’s upcoming Shanghai Upgrade which finally unlocks staked Eth. The upgrade means liquid staking derivative protocols like Lido and Rocket Pool have both their governance and derivative tokens receiving one of the strongest tailwinds in the crypto industry this year.
Read the postIn the News
Index Coop raises from Sequoia Capital India, Blockchain.com Ventures and White Star Capital
Index Coop has raised a strategic funding round led by Sequoia Capital India, Blockchain.com Ventures and White Star Capital, bringing its total funding to $10 million. The new round of funding will go toward expanding its offerings in portfolio products to other Ethereum virtual machine-compatible networks, such as Polygon.