Flying Tulip, a new decentralized finance platform led by crypto developer Andre Cronje, has raised an additional $75.5 million, maintaining a fully diluted token valuation of $1 billion. The latest funding includes $25.5 million from a private token round and $50 million raised through a curated public sale platform, bringing total institutional capital raised to $225.5 million.
The private Series A token round drew participation from digital asset investment firms including Amber Group, Fasanara Digital and Paper Ventures. The pricing matched the project’s earlier seed round, which raised $200 million in September, signaling consistent investor confidence in the platform’s long-term structure and valuation.
Public Token Sales Draw Over $1.3 Billion in Commitments
Beyond institutional backing, Flying Tulip has seen heavy interest from retail participants. A $50 million allocation was completed via a curated DeFi fundraising platform, while a separate $200 million allocation has been reserved for an upcoming public sale. According to the project, combined soft commitments across all channels exceed $1.3 billion, with limited remaining capacity available.
All fundraising rounds are priced at $0.10 per FT token and include onchain redemption rights. These rights allow token holders to redeem up to their original contribution, a mechanism designed to reduce downside risk while maintaining upside exposure.
Flying Tulip is developing an onchain exchange that integrates spot trading, perpetual futures, lending and a native stablecoin. The platform aims to dynamically adjust risk parameters based on real-time market conditions, with initial features expected to launch following the project’s token generation event.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.