Flying Tulip has raised $200 million in a private funding round, enabling an onchain public sale of its $FT token at the same valuation. The round attracted several global investors, aiming to enhance capital efficiency in onchain trading.

Flying Tulip, a full-stack onchain exchange, recently raised $200 million in a private funding round. This funding will support the launch of its $FT token in an upcoming public sale. The round featured participation from notable investors such as Brevan Howard Digital and CoinFund. The company's offerings include a stablecoin, money market, and various trading derivatives, all aimed at improving capital efficiency.