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EntropyIO raises $14M seed round led by Ribbit Capital to build liquid markets for frontier assets and acquired a $40M HYPE stake in Anthropic.
PRIVATEAug 25, 2026•about 5 hours ago
Amount Raised
$14 Million
Round Type
Seed
Financial ServicesBlockchainCryptocurrency
Investors
Ribbit Capital
Description
EntropyIO has successfully raised a $14 million seed round led by Ribbit Capital and secured a $40 million HYPE stake in Anthropic. The funds will be used to develop new oracle and perpetual primitives for trading pre-IPO and other novel assets on Hyperliquid. The company aims to enhance liquidity and accessibility for historically illiquid markets. Their first products are already operational on the Hyperliquid platform.
Company Information
Company
EntropyIO
About
EntropyIO is a crypto-native markets team focused on building liquid markets for frontier assets. They aim to create accessible trading opportunities for historically illiquid assets like pre-IPO equity and public market indices. The firm utilizes perpetual futures as a base instrument, along with custom oracle and funding mechanics. Their innovative approach includes advanced tools like a liquidity-weighted oracle for on-chain price discovery.
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