Flying Tulip Raises $200M in Private Funding, Announces Public Sale for $FT Token
Flying Tulip, a full-stack onchain exchange, has secured $200 million in a private funding round and unveiled plans for a public sale of its $FT token at the same valuation. The platform integrates stablecoin services, money markets, spot trading, derivatives, options, and onchain insurance into a single cross-margin system designed for capital efficiency.
Investors in both private and public sales will receive onchain redemption rights, programmatically settled from a segregated reserve. The public sale will be hosted across multiple blockchains, with details on supported assets and mechanics to be disclosed ahead of launch. The project targets institutional-grade market structure with transparent alignment between users, investors, and the team.
