Post #7849

💰Andre Cronje raises $200M for Flying Tulip Andre Cronje’s new project Flying Tulip has closed a $200M round at a $1B valuation, with backers including Brevan Howard Digital, CoinFund, DWF Labs, FalconX, and Hypersphere. The team aims to raise another $800M through a public sale of $FT. ➡️ Building a full onchain exchange: spot, derivatives, lending, stablecoins, insurance ➡️ First launch on Sonic ($S) with zero trading fees ➡️ Key feature: “onchain redemption right” lets investors redeem funds anytime — downside protection with upside exposure ➡️ Capital will be deployed into Aave, Ethena, Spark to target ~4% yield, funding development and token buybacks Cronje is betting on a model that mixes DeFi returns with TradFi-style investor protections - a rare blend in today’s market. 🐴Powered by White Horse