Flying Tulip Raises $200 Million, Announces FT Public Sale at Same Valuation With Onchain Redemption Right

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.

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 .

Contact

Andre Conje , CEO of Flying Tulip