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§ Private Profile · Hoboken, NJ, USA
Software and platform for institutional investors to trade, custody, and settle crypto assets with smart-order-routing.
Based in New York City, Floating Point Group develops proprietary smart-order-routing software and a unified platform that enables institutional investors to trade, custody, and settle cryptocurrency assets across fragmented markets. The company's hypothesis-driven execution systems allow hedge funds, asset managers, and over-the-counter desks to execute large block trades directly on digital asset exchanges while systematically minimizing slippage and transaction fees. Internal performance benchmarks indicate the routing platform can execute a $1 million cryptocurrency sale at just 0.003% off the prevailing market value. Operating with a dedicated workforce of approximately 30 employees, the enterprise has successfully secured $17 million in total venture funding from prominent industry backers including Tribe Capital, Borderless Capital, and Naval Ravikant. Floating Point Group was originally founded in 2018 by co-founders John Peurifoy and Van Phu to integrate programmatic digital currency into legacy financial systems.
Floating Point Group has raised $12.0M across 2 funding rounds.
Key people at Floating Point Group.
Floating Point Group was founded in 2018 by Kevin March (Founder) and Edward Segel (Founder and Managing Partner).
Floating Point Group has raised $12.0M in total across 2 funding rounds.
Floating Point Group has raised $12.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in September 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2022 | Finery Markets | $6.0M Seed | Gumi Cryptos Capital, Shima Capital, Arseny Klekovkin | 6TH MAN Ventures, 8VC, AirAngels, AlleyCorp, Angelic Ventures, AngelPad, Bankless Ventures, Earlybird Venture Capital, Fmfw.io, General Catalyst, Global Ventures, Goat Capital, LAUNCHub Ventures, L Catterton, Lerer Hippeau, Meta Change Capital, Outlier Ventures, Picus Capital, Pioneer Fund, Plug & Play Ventures, Rembrandt Venture Partners, Tribeca Venture Partners, Vocap Investment Partners, Andrej Henkler, Holger Hengstler, Jeff Clarke, Michael WAX, Moritz Thiele, Tyler Scott Ward, Communitas Capital, Daedalus Angels, DV Chain, GravityX Capital, Onealpha, Unlimint |
| Aug 1, 2021 | ML Tech | $2.0M Seed | — | Bonfire Ventures, OCA Ventures, Rebel ONE Ventures, Tellus Tech Ventures, Kenny Estes |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $10M Series A | — | Atlassian Ventures, Awesome People Ventures, Golden Section Ventures, Jude Gomila Rolling Fund, Slack Fund, Stellar Capital, Wing Venture Capital, Michael Stoppelman, Anthony Scaramucci, Borderless Capital, CapitalX, Coinbase Ventures, FAST BY GETTYLAB, Formulate Ventures, Tribe Capital | Announced |
| May 1, 2020 | $2M Seed | — | Climacticvc, Future Shape, Esther Dyson, Marc Benioff, Naval Ravikant, Steve Kokinos, Josh Felker, Pif.vc, Seabury Global Markets | Announced |
Key people at Floating Point Group.
# Floating Point Group: Institutional Infrastructure for Cryptocurrency Markets
Floating Point Group (FPG) is a prime brokerage platform that provides institutional-grade infrastructure for cryptocurrency trading and asset management[1][2]. Founded in 2018 as an MIT-born startup, FPG removes barriers to accessing cryptocurrency liquidity by simplifying how institutional asset managers and over-the-counter (OTC) desks fund exchange accounts and settle trades[1][2].
The company's core mission centers on accelerating the cryptocurrency economy by redefining institutional finance[1]. Rather than building consumer-facing products, FPG operates as a B2B infrastructure provider, enabling sophisticated market participants to deploy cryptocurrency-centric strategies at scale without the operational friction that typically characterizes digital asset markets[2].
FPG emerged from MIT in 2018, positioning itself at the intersection of institutional finance and cryptocurrency adoption[1]. The founding team recognized a critical gap: while cryptocurrency markets had matured significantly, the operational infrastructure for institutional participation lagged far behind traditional finance. Early backing from Tribe Capital, Naval Ravikant, and successful tech entrepreneurs and asset management executives validated this thesis and provided both capital and domain expertise[1].
The company has since raised $12 million across two funding rounds, with a $10 million Series A, demonstrating investor confidence in the institutional cryptocurrency infrastructure thesis[2]. This funding trajectory reflects growing institutional appetite for professional-grade cryptocurrency services.
FPG operates within a critical inflection point for cryptocurrency adoption: the shift from retail-driven speculation to institutional capital deployment. As traditional finance increasingly recognizes digital assets as a legitimate asset class, the operational bottlenecks that FPG addresses become strategic chokepoints. The company is riding the wave of institutional cryptocurrency adoption while simultaneously removing friction that has historically limited that adoption.
The timing is particularly significant because regulatory clarity around cryptocurrency custody and trading has improved substantially since FPG's founding, making institutional participation more feasible. FPG's focus on operational safety and compliance positions it to benefit from this regulatory maturation.
FPG represents a crucial but often overlooked category in fintech: the infrastructure layer that enables institutional participation in emerging asset classes. Rather than competing for retail users or building consumer applications, the company has positioned itself as essential plumbing for a market that is rapidly professionalizing.
The company's trajectory will likely depend on how aggressively institutional capital continues flowing into cryptocurrency and whether regulatory frameworks continue supporting professional market infrastructure. As cryptocurrency becomes increasingly integrated into institutional portfolios—whether through spot Bitcoin ETFs, staking services, or derivatives—platforms like FPG that reduce operational friction will become increasingly valuable. The next phase of growth will likely involve expanding geographic reach (the company maintains operations in both Hoboken and Singapore) and deepening integrations with the broader institutional finance ecosystem[1][2].
Floating Point Group was founded in 2018 by Kevin March (Founder) and Edward Segel (Founder and Managing Partner).
Floating Point Group has raised $12.0M in total across 2 funding rounds.
Floating Point Group's investors include Atlassian Ventures, Awesome People Ventures, Golden Section Ventures, Jude Gomila Rolling Fund, Slack Fund, Stellar Capital, Wing Venture Capital, Michael Stoppelman, Anthony Scaramucci, Borderless Capital, CapitalX, Coinbase Ventures.
