Focused on Asian stock Perp, liquidity provider Trasia has raised $35 million and completed a seed round investment from Multicoin Capital

BlockBeats News, July 17th, Trasia Labs today announced that it has raised $35 million, including a $1.75 million seed round led by Multicoin Capital. Trasia Labs is the development team behind Trasia, an Asia-first, non-custodial trading platform built on Hyperliquid. This funding round will be used to launch its web and mobile applications, accelerate user growth, and lead the way in launching the first batch of securities assets focused on the Asian HIP-3 market.

With this funding round, the Trasia web trading interface is now officially live, initially supporting Chinese and English. The platform is built on Hyperliquid.

Hyperliquid is a high-performance blockchain designed for on-chain derivatives—a native trading experience for perpetual contract trading. The Trasia mobile trading interface will bring a user experience similar to top Asian exchanges, making trading global markets familiar and simple. The platform will initially offer Hyperliquid's HIP-3 native market and plans to launch its HIP-3 proprietary market later this year.

“More than half of the companies defining the AI and robotics era have emerged in Asia, many of which have recently gone public in their domestic markets or are planning to go public in the coming years,” said Mable Jiang, Co-Founder of Trasia. “We are building a benchmark trading platform to serve the Eastern market and Eastern traders. We have a unique and in-depth understanding of the assets and markets that local traders truly care about. Over the years, Asian traders have been the core engine of the world's largest exchanges, but there has never been a platform tailored to them. Trasia is born for Asia.”

Asia is home to several of the world's largest stock markets and a group of high-quality assets. As a new HIP-3 Deployer, Trasia plans to launch new contracts for Asian listed assets and leverage local insights to prioritize markets favored by local traders. These contracts are all cash-settled, price-reference only; the Trasia platform and its users do not buy, hold, or own any underlying securities.

“Outside the United States, the largest pool of high-quality assets is concentrated in the Asian capital markets, and until now, people have not had a convenient channel to trade these assets, let alone leverage,” said Tushar Jain, Managing Partner and Chief Investment Officer at Multicoin Capital. “Trasia combines deep regional insights with Hyperliquid's high-performance trading engine to help global market participants trade some of the world's most attractive assets. We are bullish on the long-term prospects of the Hyperliquid ecosystem and expect Trasia to quickly gain a significant market share and grow into a significant force in the coming years.”

To celebrate the launch, Trasia plans to introduce a limited invite-only trading event to encourage early users to trade on the platform. The native mobile app is expected to be released this summer, followed by the rapid introduction of innovative HIP-3 Asian native trading pairs.

If you wish to apply for an invitation or learn more, please visit www.trasia.xyz.

About Trasia

Trasia is the flagship trading platform serving the Eastern markets and Eastern traders. Built on Hyperliquid, Trasia is an Asia-first perpetual contract trading platform that creates an unparalleled channel to enter the Eastern markets. Trasia combines deep regional insights with high-performance market infrastructure, connecting global capital to local markets. For more information, please visit www.trasia.xyz.

About Multicoin Capital

Multicoin Capital is a thematic investment-driven investment firm focusing on cryptocurrency, tokens, and blockchain companies. Founded in 2017, the company represents prominent family offices, foundations, endowments, and institutional investors, making long-term, high-conviction investments in category-defining crypto companies and protocols in both public and private markets. For more information, please visit: https://multicoin.capital.