Andre Cronje’s Flying Tulip Secures $200M Seed Funding, Eyes $1B Tokenized Future

Renowned DeFi architect Andre Cronje has launched Flying Tulip, a new decentralized finance project that has raised $200 million in seed funding at a $1 billion valuation. The round attracted prominent institutional investors, with plans to raise an additional $800 million through a public ICO.

The platform introduces innovative on-chain redemption rights, allowing investors to burn FT tokens to reclaim their initial investment while retaining upside potential. "We're building institutional-grade market structure on-chain," Cronje stated, emphasizing aligned incentives between users and developers.

Funds will be deployed through established protocols rather than direct spending, creating a treasury-backed stability mechanism uncommon in crypto launches. The project aims to pioneer new models for tokenized finance infrastructure.