HIP-3 Deployer Entropy Completes $14 Million Funding Round, Launches Anthropic Pre-IPO Market

BlockBeats News, August 25th, According to official sources, Entropy has announced the completion of a $14 million funding round led by Ribbit Capital, along with $40 million in HYPE staking support, to build an enhanced and brand-new market. Its first Anthropic pre-IPO market has been launched on Hyperliquid.

Entropy is a HIP-3 market deployer. Entropy allows for global perpetual futures trading of stocks, commodities, and indices, as well as new products such as long-term pre-IPO equities.

The Entropy team consists of researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium, focusing on advancing the capital market vision: achieving 24/7 trading of all assets in one place with deep liquidity. The company is building new trading primitives to address relevant pain points. Its first innovation is a liquidity-weighted oracle that can adjust external oracle prices' credibility based on market-executable depth, enabling price discovery to occur directly on the order book.