September 29, 2025 – New York, New York
Flying Tulip, a full-stack onchain exchange, today announced it has raised $200 million in a private funding round and will open an onchain public sale of its FT token at the same valuation.
Flying Tulip integrates a native stablecoin, money market, spot trading, derivatives, options and onchain insurance within a single cross-margin, volatility-aware system designed for capital efficiency.
The round included participation from global investors, including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital and Virtuals Protocol, among others.
Onchain redemption right (‘perpetual put’)
All primary-sale participants private and public receive an onchain redemption right that allows them to burn FT at any time and redeem up to their original principal in the asset contributed (e.g., ETH).
Redemptions are programmatically settled from a segregated onchain redemption reserve seeded from capital raised. This design seeks to protect downside while preserving unlimited upside.
Tokenomics aligned to usage
The team receives no initial allocation.
Instead, team exposure accrues only through open-market buybacks funded by a share of protocol revenues and subject to a transparent schedule.
From day one, incentives are tied to real usage and long-term performance.
Public sale
The onchain public sale will be hosted across multiple chains.
Supported assets, the initial circulating supply, sale mechanics and official smart contract addresses (published on the official website) will be announced ahead of launch.
Flying Tulip is targeting up to $1 billion in total funding across private and public phases.
Andre Cronje, founder of Flying Tulip, said,
“Our goal is to provide institutional-grade market structure with onchain guarantees and clear alignment between users, investors and the team.”
About Flying Tulip
Flying Tulip is an onchain financial marketplace that unifies spot, derivatives, credit and risk transfer in a capital-efficient, cross-margin system.
The platform is built for transparent risk management and long-term sustainability.
Users can learn more at flyingtulip.com.
Important information
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or tokens in any jurisdiction.
Participation may be subject to eligibility checks and jurisdictional restrictions. Tokens involve risk, including possible loss of value.
Any redemption right is programmatic and limited by onchain reserves and protocol parameters. This right is not a deposit, not insured and not a guarantee.
Forward-looking statements are subject to risks and uncertainties. Official sale addresses will only be published on flyingtulip.com.
Contact
Andre Conje, CEO of Flying Tulip
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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