Liquidity provider for Asia stock Perps, Trasia, has raised $35 million, with Multicoin Capital leading the seed round.

Deep Tide TechFlow message: On July 17, according to an official update, liquidity provider Trasia Labs, focused on Asia stock Perp, today announced that it has raised $35 million, including $1.75 million in seed funding, led by Multicoin Capital. The funds will be used to launch web and mobile applications, drive user growth, and initiate the first HIP-3 markets focused on Asian securities assets. Trasia’s web trading interface has officially gone live. The initial version supports both Chinese and English, and the mobile app is expected to be released this summer.

Trasia Labs is the development team behind Trasia, an Asia-first, non-custodial trading platform built on Hyperliquid. In its initial phase, the platform will offer Hyperliquid’s native HIP-3 markets, and plans to begin rolling out its own HIP-3 markets later this year, launching reference price contracts with cash settlement for publicly listed Asian assets.