Flying Tulip, a full'stack onchain exchange, 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.