Flying Tulip Raises $200M; Announces $FT Public Sale at Same Valuation with onchain Redemption Right
[PRESS RELEASE – NYC, New York, September 29th, 2025]
Flying Tulip, a full‑stack onchain trade, at the moment introduced it has raised $200 million in a personal funding spherical and can open an onchain public sale of its $FT token at the identical valuation.
Flying Tulip integrates a local stablecoin, cash market, spot buying and selling, derivatives, choices, and onchain insurance coverage inside a single cross‑margin, volatility‑conscious system designed for capital effectivity.
The spherical included participation from world traders, together with Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol, amongst others.
Onchain redemption proper (“perpetual put”)
All primary-sale individuals (personal and public) obtain an onchain redemption proper that permits them to burn $FT at any time and redeem as much as their unique principal within the asset contributed (e.g. ETH). Redemptions are programmatically settled from a segregated onchain redemption reserve seeded from capital raised. This design seeks to defend draw back whereas preserving limitless upside.
Tokenomics aligned to utilization
The crew receives no preliminary allocation. Instead, crew publicity accrues solely by way of open‑market buybacks funded by a share of protocol revenues and topic to a clear schedule. From day one, incentives are tied to actual utilization and lengthy‑time period efficiency.
Public sale
The onchain public sale will probably be hosted throughout a number of chains. Supported property, the preliminary circulating provide, sale mechanics, and official sensible‑contract addresses (revealed on the official website) will probably be introduced forward of launch. Flying Tulip is focusing on as much as $1 billion in whole funding throughout personal and public phases.
“Our objective is to supply institutional‑grade market construction with onchain ensures and clear alignment between customers, traders, and the crew,” mentioned Andre Cronje, founding father of Flying Tulip.
About Flying Tulip
Flying Tulip is an onchain monetary market that unifies spot, derivatives, credit score, and threat switch in a capital‑environment friendly, cross‑margin system. The platform is constructed for clear threat administration and lengthy‑time period sustainability.
Users can study extra at flyingtulip.com.
Important Information
This press launch is for informational functions solely and doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities or tokens in any jurisdiction. Participation could also be topic to eligibility checks and jurisdictional restrictions. Tokens contain threat, together with attainable lack of worth. Any redemption proper is programmatic and restricted by on‑chain reserves and protocol parameters. This proper is just not a deposit, not insured, and never a assure. Forward‑wanting statements are topic to dangers and uncertainties. Official sale addresses will solely be revealed on flyingtulip.com.
The publish Flying Tulip Raises $200M; Announces $FT Public Sale at Same Valuation with onchain Redemption Right appeared first on CryptoPotato.