Andre Cronje’s Flying Tulip Secures $200M Funding for On-Chain Exchange Platform

Flying Tulip, a full-stack on-chain exchange founded by Andre Cronje, has completed a $200 million private funding round. The platform, which aims to unify digital asset trading, will offer a public sale of its native FT token at the same valuation. The initiative integrates a stablecoin, spot and derivatives trading, and on-chain insurance into a single cross-margin system designed for capital efficiency.

The New York-based startup announced the fundraising and token sale plans on September 29. Flying Tulip intends to raise up to $1 billion across private and public phases, with $800 million potentially available in the public sale. The on-chain public sale will span multiple networks, with project details to be published on the official website to combat phishing risks.