Multicoin makes its first investment in the Hyperliquid ecosystem. Multicoin Capital @multicoin has made an exclusive $1.75 million seed investment in Trasia @trasiaxyz, an Asian equities perpetuals platform built on Hyperliquid. Founder Mable @mablejiang was formerly a partner at Multicoin, later served as Chief Revenue Officer at Find Satoshi Lab, the parent company of STEPN, and subsequently founded Trasia. Trasia utilizes Hyperliquid’s @HyperliquidX HIP-3 framework. Trasia has committed over $35 million in HYPE and USDC to launch its Asian equities perpetuals market, initially targeting AI infrastructure companies nearing IPO or with high interest among Asian investors. Multicoin Managing Partner @tushar_jain expects Trasia to rapidly capture significant market share.