Floating Point Group
Series ARaised Since FeaturedInstitutional crypto infrastructure
Prime brokerage platform providing institutional-grade trading, custody, and settlement for digital assets.
About
Floating Point Group (FPG) is a crypto prime brokerage that drastically simplifies backend operations for institutional investors to deploy cryptocurrency-centric strategies at scale. Founded in 2018 by three MIT alumni — John Peurifoy, Kevin March, and Van Phu — the platform provides secure, insured custody solutions and direct market access to both centralized and decentralized cryptocurrency exchanges. FPG's integrated order and execution management system, combined with Multi-Party Computation-based wallet security, enables hedge funds, asset managers, and foundations to trade, stake, and generate yield efficiently. By 2021, institutional clients had used the platform to trade billions of dollars in cryptocurrencies.
DailyDropout Take
Floating Point Group stood out as an MIT-founded team tackling the fragmented crypto trading infrastructure problem — building the institutional plumbing that hedge funds and asset managers need to trade digital assets at scale. With backing from Naval Ravikant and Coinbase Ventures, they were early to the institutional crypto infrastructure wave.
Discovery signal: MIT founding team pedigree, early Naval Ravikant backing, growing institutional demand for crypto prime brokerage services
What Makes Them Unique
FPG uniquely integrates order management, execution, custody, and settlement into a single platform with MPC-based wallet security, providing institutional investors seamless access to both centralized and decentralized exchanges without managing multiple counterparty relationships.
$12M
Total Raised
Billions (cumulative)
Trading Volume
Target Markets
Founders
John Peurifoy
Co-Founder & CEO
MIT alumnus who co-founded Floating Point Group to bring institutional-grade prime brokerage services to the cryptocurrency market.
Kevin March
Co-Founder & Head of Business Development
Studied entrepreneurship and biotechnology at UMKC, where he founded a food data analytics company. Got his start in crypto running a bitcoin-powered snack shack out of his dorm room in 2014.
Van Phu
Co-Founder & CTO
Studied statistics and computer science at MIT. Set up bitcoin miners in his dorm room and for the MIT Bitcoin Club, creating statistical models to predict cryptocurrency time-series data.
Funding History
Lead: Naval Ravikant & AngelList
Lead: Tribe Capital
Investors
Firms
Individual Investors
Founder, AngelList
Founder, SkyBridge Capital