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a16z-backed Entropy announces shutdown, will return remaining funds to investorsTechub News, according to The Block, reports that a16z-backed decentralized custody startup Entropy announced it will shut down and return remaining funds to investors. Company founder and CEO Tux Pacific stated that after approximately 4 years of operation, several business pivots, and two rounds of layoffs, the team failed to find a business model that met venture capital scale. Entropy completed a $25 million seed round led by a16z crypto in June 2022, with cumulative fundraising reaching approximately $27 million. The company initially positioned itself as a decentralized alternative to centralized custody solutions, later pivoting towards a crypto automation platform direction.Techub News01/26, 09:22 AM

快讯项目/公司进展01/26, 09:22 AM

a16z-backed Entropy announces shutdown, will return remaining funds to investors

Techub News, according to The Block, reports that a16z-backed decentralized custody startup Entropy announced it will shut down and return remaining funds to investors. Company founder and CEO Tux Pacific stated that after approximately 4 years of operation, several business pivots, and two rounds of layoffs, the team failed to find a business model that met venture capital scale. Entropy completed a $25 million seed round led by a16z crypto in June 2022, with cumulative fundraising reaching approximately $27 million. The company initially positioned itself as a decentralized alternative to centralized custody solutions, later pivoting towards a crypto automation platform direction.

Entropy Advisors: Since June, Robinhood has tokenized assets worth over $7.43 millionTechub News, according to data cited by X user DeFi Kenshin from Entropy Advisors, shows that since June this year, Robinhood has tokenized 780 assets with a total value exceeding $7.43 million, including $5.10 million in stocks, $1.84 million in ETFs, and $286,000 in commodities. Additionally, the minting transaction volume for Robinhood's tokenized assets surpassed $19.90 million, while the burning transaction volume reached $11.90 million.Techub News11/17/2025, 11:19 AM

快讯Robinhood11/17, 11:19 AM

Entropy Advisors: Since June, Robinhood has tokenized assets worth over $7.43 million

Techub News, according to data cited by X user DeFi Kenshin from Entropy Advisors, shows that since June this year, Robinhood has tokenized 780 assets with a total value exceeding $7.43 million, including $5.10 million in stocks, $1.84 million in ETFs, and $286,000 in commodities. Additionally, the minting transaction volume for Robinhood's tokenized assets surpassed $19.90 million, while the burning transaction volume reached $11.90 million.

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