Trasia, a liquidity provider for Asian stock Perp, has raised $35 million and completed Multicoin Capital’s seed round financing

PANews July 17, according to official news, liquidity provider Trasia Labs, which focuses on Asia stock Perps, today announced 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 kick off the first HIP-3 markets focused on Asian securities assets. Trasia’s web trading interface has officially gone live; the first release supports both Chinese and English, and the mobile app is expected to be launched this summer.

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