Flying Tulip Raises $225.5M, Eyes $1B Target in Public Token Sales

Andre Cronje’s Flying Tulip has secured $225.5 million in institutional funding and launched an ambitious public token sale campaign targeting $1 billion in total capital. The DeFi platform combines spot trading, perpetual futures, lending, and stablecoins into a single onchain exchange system.

Andre Cronje-led DeFi project Flying Tulip has raised additional funding through private and public token sales. The private Series A round raised $25.5 million at a $1 billion FDV, bringing total institutional funding to $225.5 million. Additionally, the project has raised $50…

— Wu Blockchain (@WuBlockchain) January 30, 2026

The project closed a $25.5 million Series A private round from Amber Group, Fasanara Digital, and Paper Ventures. This follows a $200 million seed round completed in September 2025 at the same $1 billion fully diluted valuation.

Beyond institutional backing, Flying Tulip has attracted substantial retail interest through public token sales on multiple platforms. The project has already raised $50 million through Curated, a DeFi deal platform operated by Impossible Finance.

Impossible Finance holds a $200 million allocation for the sale. A separate $200 million allocation has been set aside for CoinList, with that sale beginning next week.

Flying Tulip Redemption Rights and Capital Strategy

All fundraising rounds share a consistent structure priced at $0.10 per FT token. Every participant receives full onchain redemption rights regardless of whether they joined through private or public channels.

Flying Tulip calls this mechanism a “perpetual put.” Investors can burn their FT tokens at any time to redeem their original principal in the asset they contributed, such as ETH.

Cronje stated the model provides downside protection while preserving upside exposure for token holders. The structure fundamentally changes how the raised capital functions within the project’s treasury.

“The perpetual put means none of these funds can be used, so actual raised is zero,” Cronje previously explained. The capital remains available for investor redemptions rather than direct operational spending.

Instead, Flying Tulip plans to deploy up to $1 billion of potential raised capital into onchain yield strategies. The project will use protocols such as Aave, Ethena, and Spark for this deployment.

With a target annual yield of approximately 4%, that pool could generate roughly $40 million per year. These funds would support growth initiatives, user incentives, and token buybacks.

Strong Demand and Platform Launch Plans

Soft commitments for Flying Tulip currently stand at about $1.36 billion. Only around $400 million of capacity remains if the Impossible Finance and CoinList allocations fill completely.

Cronje noted both platforms have already seen interest in the billions of dollars. The remaining capacity could be absorbed quickly once additional public access rounds open.

Flying Tulip plans to open further whitelist rounds to fill any remaining allocation toward its $1 billion target. The project continues accepting participants at the fixed $0.10 token price.

The platform brings multiple DeFi functions into a unified system. Users will access spot trading, perpetual futures, lending, and a native stablecoin called ftUSD through one interface.

Flying Tulip plans to add insurance and options products over time. The system adjusts trading and lending parameters based on real-time liquidity, volatility, and usage measurements.

This approach to adaptive onchain risk management differs from protocols using fixed rules. Key platform features are expected to launch following the token generation event.

The token generation event will occur after completion of pending public token sales. Meanwhile, the crypto fundraising space has seen other major rounds recently.

In January 2025, crypto payments company Mesh raised $75 million in a Series C round led by Dragonfly Capital. That raise valued Mesh at $1 billion, bringing its total capital secured to over $200 million.

Crypto payments network Mesh has raised $75 million in a Series C round, bringing total funding to over $200 million and valuing the company at $1 billion. The round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI…

— Wu Blockchain (@WuBlockchain) January 27, 2026

Flying Tulip’s fundraising approach stands apart with its perpetual put mechanism. The structure could set a new precedent for how DeFi projects balance investor protection with capital efficiency.