Flying Tulip Raises $200M; Announces $FT Public Sale at Same Valuation with onchain Redemption Right

NEW YORK, Sept. 29, 2025 /PRNewswire/ -- Flying Tulip, a full‑stack onchain exchange, today announced it has raised $200 million in a private funding round and will open an onchain public sale of its $FT token at the same valuation.

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.

"Our goal is to provide institutional‑grade market structure with onchain guarantees and clear alignment between users, investors, and the team," said Andre Cronje, founder of Flying Tulip.

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. You can learn more at flyingtulip.com.

Important Information
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or tokens in any jurisdiction. Participation may be subject to eligibility checks and jurisdictional restrictions. Tokens involve risk, including possible loss of value. Any redemption right is programmatic and limited by on‑chain reserves and protocol parameters. This right is not a deposit, not insured, and not a guarantee. Forward‑looking statements are subject to risks and uncertainties. Official sale addresses will only be published on flyingtulip.com.

SOURCE Flying Tulip