Flying Tulip, a full-stack on-chain exchange, announced today that it has completed a $200 million private placement financing and will launch an on-chain public offering of its native token FT at the same valuation.

Flying Tulip is a comprehensive platform that integrates native stablecoins, money markets, spot trading, derivatives, options, and on-chain insurance, and achieves higher capital efficiency through cross-margin and volatility-aware systems.

This round of financing attracted participation from many top global institutions, including 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 (“perpetual put rights”)

All primary sales participants (whether private or public) will receive on-chain redemption rights, allowing them to destroy FT at any time and redeem their principal in invested assets (e.g., ETH), up to a maximum of their original investment. Redemptions will be programmatically settled through a dedicated on-chain reserve pool, pre-funded with raised funds. This design aims to preserve unlimited upside potential while providing some downside protection.

Token Economic Model Usage Scenarios

The team will not have any initial token allocation; its holdings will be built up gradually through a share of protocol revenue for buybacks, following a transparent timeline. In other words, from day one, team incentives are closely tied to real-world use cases and long-term performance.

Public Offering Plan

This on-chain public offering will be conducted across multiple chains. Specific supporting assets, initial circulation, sales mechanism, and official smart contract address will be announced on the official website prior to launch. Flying Tulip plans to raise up to $1 billion in total through a two-stage private and public offering.

“Our goal is to create an institutional-grade market structure with on-chain guarantees and achieve true alignment of interests between users, investors, and the team,” said Andre Cronje, founder of Flying Tulip.

About Flying Tulip

Flying Tulip is an on-chain financial market that integrates spot, derivatives, credit, and risk transfer functions under a cross-margin system, taking into account capital efficiency and aiming to achieve transparent risk management and long-term sustainable development.

For more information, visit flyingtulip.com .

Important Notice

This information is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities or tokens in any jurisdiction. Participation may be subject to qualification and jurisdictional restrictions. Token investments involve risks, including potential loss of value. Redemption rights are programmatically enforced through on-chain reserves and protocol parameters and are not deposits, insured, or guaranteed. Forward-looking statements are subject to risks and uncertainties. The official sales address will be posted only on flyingtulip.com.