According to Shenchao TechFlow news, July 17, official updates indicate that Trasia Labs, a liquidity provider focusing on Asian stock Perps, announced today that it has raised $35 million, including a $1.75 million seed round led by Multicoin Capital. Funds will be used for the launch of web and mobile applications, user growth, and the initial rollout of the HIP-3 market focusing on Asian securities assets. The Trasia web trading interface has officially launched, initially supporting Chinese and English, with the mobile app expected to be released this summer.
Trasia Labs is the development team behind Trasia, an Asia-first, non-custodial trading platform built on Hyperliquid. The platform will initially offer Hyperliquid’s HIP-3 native market and plans to launch its own HIP-3 markets later this year, introducing cash-settled reference price contracts for Asian listed assets.
