Mars Finance reports that on July 20, Multicoin Capital, as the sole institutional investor, led a $1.75 million seed round investment in Trasia Labs, officially entering the Hyperliquid ecosystem. Trasia is a native perpetual futures trading platform built on Hyperliquid, primarily targeting the Asian market. Trasia was co-founded by Mable Jiang, former partner at Multicoin Capital and former Chief Revenue Officer of Stepn, and Web3 professional Edison Chen. The platform launched its first web version on July 17, supporting both Chinese and English, with a mobile app expected to launch in August and an invite-only Asia Points loyalty program already underway. Currently, the platform integrates non-custodially with Hyperliquid’s native perpetual markets and plans to launch its own perpetual contracts based on the HIP-3 protocol, focusing on asset classes of high interest to Asian investors, such as AI infrastructure and pre-IPO assets. The team has allocated over $35 million in HYPE and USDC to support the growth of Asia’s equity perpetual markets and related ecosystem development.
Multicoin Capital leads the $1.75M seed round for Trasia Labs, expanding Hyperliquid's Asian perpetual market.
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Summary
On-chain news broke on July 20, 2026, as Multicoin Capital led a $1.75 million seed round for Trasia Labs, entering the Hyperliquid ecosystem. Trasia, a perpetual contracts platform built on Hyperliquid and targeting Asia, was co-founded by former Multicoin partner Mable Jiang and Web3 expert Edison Chen. The platform launched its web version on July 17 with Chinese and English support, and plans to release a mobile app in August. It has introduced an invite-only Asia Points program, providing non-custodial access to Hyperliquid’s perpetual markets. Market updates indicate Trasia will also launch its own perpetual contracts based on the HIP-3 protocol, focusing on AI infrastructure and pre-IPO assets. The company has allocated over $35 million in HYPE and USDC to support Asian stock perpetual markets.
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