The full-stack on-chain trading platform Flying Tulip today announced that it has completed a $200 million private placement financing and will launch the on-chain public offering of the $FT token at the same valuation.
Flying Tulip integrates native stablecoins, money markets, spot trading, derivatives, options, and on-chain insurance into a unified cross-margin, volatility-aware system to maximize capital efficiency.
Investors in this round of financing include global institutions such as Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.
On-chain Redemption Rights
All primary market participants (private and public) will receive on-chain redemption rights, allowing them to destroy $FT at any time and redeem up to the equivalent of the original principal (such as ETH). Redemptions will be automatically settled by an independent on-chain reserve pool, which is pre-funded with the raised capital. This design aims to protect investors from downside risk while retaining unlimited upside potential.
Token Economic Model Linked to Use Cases
The team does not enjoy any initial token allocation; their token holdings will be entirely acquired through public market repurchases, funded by a portion of the protocol's revenue, and will follow a transparent timeline. In other words, from day one, incentives are directly linked to real usage and long-term performance.
Public Offering Plan
The on-chain public offering will be conducted across multiple public chains, with the types of supported assets, initial circulation, sales mechanisms, and official smart contract addresses to be announced before the launch. Flying Tulip aims to raise a total of up to $1 billion in both private and public phases.
Flying Tulip founder Andre Cronje stated, "Our goal is to provide institutional-grade market structure and ensure clear alignment of interests among users, investors, and the team through on-chain collateral mechanisms."
About Flying Tulip
Flying Tulip is an on-chain financial market platform that unifies spot, derivatives, credit, and risk transfer into an efficient capital-utilization cross-margin system, aiming to achieve transparent risk management and long-term sustainability.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
