HIP-3 deployer Entropy completes a $14 million funding round and launches the Anthropic pre-IPO market.
45 minutes ago
According to official announcements, Entropy has closed a $14 million funding round led by Ribbit Capital, alongside $40 million in HYPE staking support, to build enhanced and new markets. Its first Anthropic pre-IPO market has launched on Hyperliquid. Entropy is a HIP-3 market deployer, enabling perpetual futures trading for global stocks, commodities, and indices, as well as innovative products like long-dated pre-IPO equities. The Entropy team comprises researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium, focused on advancing its capital markets vision: enabling 24/7 trading of all assets in a single venue with deep liquidity. The firm is developing new trading primitives to address related pain points; its first innovation is a liquidity-weighted oracle that adjusts the confidence of external oracle prices based on the market’s executable depth, allowing price discovery to occur directly on the order book.
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