Share this article
Algorithmic Stock Platform Delphia Debuts Digital Asset Component
The company raised $60 million this summer in a Series A funding round.
Updated May 11, 2023, 6:51 p.m. Published Sep 28, 2022, 12:00 p.m. 1 min read
Algorithm-backed stock adviser Delphia has added a digital asset feature to its platform, allowing users to earn rewards through being active in the community.
Dubbed the Ecosystem, the new platform will include a utility token, phi (PHI). Members can earn phi by participating in a range of signal-generating games that would in turn improve the company’s data set, according to a statement Wednesday.
“Integrating the Ecosystem into the Delphia asset management platform will enable us to further incentivize people to share their data and increase the overall value of the data for those investing with Delphia,” said company CEO Andrew Peek. “The ecosystem, as well as PHI, provide our investors with what we think is the best way to leverage their proprietary data and increase their returns,” he added.
In June, Delphia raised $60 million in a Series A funding round led by Multicoin Capital to expand headcount and launch the native Delphia Data rewards token.
Delphia said Wednesday that PHI holders in the ecosystem will be given some form of exclusivity, including early access to trading strategies and overall enhancements to the in-app experience. The company expects to update users on plans to bring on more ways to earn tokens along with new rewards in the coming months.
Read more: Algorithmic Stock Adviser Delphia Raises $60M Ahead of Rewards Token Launch
More For You
Wall Street's clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
알아야 할 것:
- U.S. clearing giant DTCC picked Stellar as the first public blockchain to connect to its upcoming tokenized securities settlement platform.
- The partnership builds on an almost decade-long partnership with Securrency, now DTCC Digital Assets, which worked with Stellar to embed compliance tools such as clawbacks, transfer restrictions and identity controls...
Top Stories
