Liquidity provider Trasia, specializing in Asian stock Perps, has raised $35 million, with Multicoin Capital leading the seed round.

TechFlow news, July 17, according to official updates, liquidity provider Trasia Labs, specializing in Asian stock Perps, announced today 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 apps, user growth, and the launch of the first batch of HIP-3 markets focused on Asian securities assets. The Trasia web trading interface is now officially live, initially supporting Chinese and English, with the mobile app expected to launch 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 markets and plans to launch HIP-3 proprietary markets later this year, introducing cash-settled reference price contracts for Asian listed assets.