ChainCatcher reports that Multicoin Capital, as the sole institutional investor, has invested $1.75 million in a seed round for Trasia Labs, officially entering the Hyperliquid ecosystem. Trasia is a native perpetual trading platform built on Hyperliquid, primarily targeting the Asian market. Founded by Mable Jiang, former partner at Multicoin Capital and former Chief Revenue Officer of Stepn, alongside Web3 professional Edison Chen, Trasia launched its first web version on July 17, supporting both Chinese and English. A mobile app is expected to launch in August, and an invite-only Asia Points loyalty program has already been initiated. The platform currently connects to Hyperliquid’s native perpetual markets in a non-custodial manner 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 the Asian equity perpetual market and its broader ecosystem.
Trasia Labs Completes $1.75M Seed Round to Expand Hyperliquid's Asian Perpetual Trading Market
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Summary
Trasia Labs has closed a $1.75 million seed round led by Multicoin Capital, expanding Hyperliquid’s footprint in Asia’s perpetual trading market. Built natively on Hyperliquid, the platform targets Asian traders and launched its first web version on July 17, available in Chinese and English, with a mobile app scheduled for August. Trasia provides non-custodial access to Hyperliquid’s perpetual markets and plans to launch its own contracts via the HIP-3 protocol. The firm has already allocated over $35 million in HYPE and USDC to support perpetual markets for Asian equities. Market developments highlight growing momentum in the region, with Bitcoin news also reflecting strong interest in decentralized trading platforms.
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