Liquidity Provider Focused on Asian Stocks Raises $35 Million, Completes Seed Round Financing
On July 17, Trasia Labs announced that it has raised $35 million, including $1.75 million in seed funding, led by investors. Trasia Labs is the development team behind Trasia, an Asia-focused, non-custodial trading platform built on Hyperliquid. This round of financing will be used to launch its web and mobile applications, accelerate user growth, and initiate the first HIP-3 market focused on Asian securities assets.
With this financing round, Trasia's web trading interface has officially launched, initially supporting both Chinese and English. The platform is built on Hyperliquid.
Hyperliquid is a high-performance blockchain designed specifically for on-chain derivatives, providing a native trading experience for perpetual contract trading. Trasia's mobile trading interface will offer a user experience comparable to leading Asian exchanges, making trading in global markets familiar and straightforward. Initially, the platform will provide Hyperliquid's HIP-3 native market and plans to launch its own HIP-3 market later this year.
"More than half of the companies defining the AI and robotics era are born in Asia, many of which have recently gone public in local markets or will do so in the coming years," said Mable Jiang, co-founder of Trasia. "We are building a benchmark trading platform that serves the Eastern market and Eastern traders. We have unique and in-depth insights into the assets and markets that local traders truly care about. For years, Asian traders have been the core engine of the world's largest exchanges, yet there has not been a platform tailored for them. Trasia is born for Asia."
Asia hosts several of the world's largest stock markets and a wealth of high-quality asset targets. As a newly appointed HIP-3 deployer, Trasia plans to launch new contracts for Asian-listed assets and prioritize markets favored by local traders based on local insights. These contracts will be cash-settled and reference prices only; Trasia's platform and its users do not purchase, hold, or own any underlying securities.
"The largest pool of quality assets outside the U.S. is concentrated in the Asian capital markets, and until now, there has been no convenient channel to trade these assets, let alone leverage them," said Tushar Jain, managing partner and chief investment officer. "Trasia combines deep regional insights with Hyperliquid's high-performance trading engine to help global market participants trade some of the most attractive assets in the world. We are optimistic about the Hyperliquid ecosystem in the long term and expect Trasia to quickly gain a significant market share and grow into a major force in the coming years."
To celebrate its launch, Trasia plans to host an invite-only trading event to encourage early users to trade on the platform. The native mobile application is expected to be released this summer, followed by the introduction of new, groundbreaking HIP-3 local trading pairs in Asia.
For invitation requests or more information, please visit www.trasia.xyz.
About Trasia
Trasia is a benchmark trading platform serving the Eastern market and Eastern traders. Built on Hyperliquid, Trasia is an Asia-focused perpetual contract trading platform that creates unparalleled access to the Eastern market. Trasia combines deep regional insights with high-performance market infrastructure, connecting global capital with local markets. To learn more, please visit www.trasia.xyz.
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