The Flying Tulip project has successfully raised $25.5 million during a private token sale, as confirmed by its founder, Andre Cronje. This fundraising effort, which took place recently, attracted significant investments from major institutional players including Amber Group, Fasanara Digital, and Paper Ventures.
With a valuation set at $1 billion, the project is part of a broader ambition to raise a total of $1 billion through various token sales. Following the private sale, Flying Tulip is currently conducting a public token sale on Curated, facilitated by Impossible Finance, which has already amassed over $50 million in deposits.
In September, Flying Tulip concluded a seed funding round, securing $200 million. This initial capital was aimed at establishing the groundwork for operational processes as the project gears up for its planned expansion. Cronje has indicated that the remaining $800 million will be raised through upcoming token sales, including an anticipated launch on CoinList on February 2, 2026.
The current commitment volume for the project stands at an impressive $1.36 billion, demonstrating robust interest from investors. The price of each token was set at $0.1, with a total supply capped at 10 billion tokens, based on the fully diluted valuation.
Flying Tulip aims to position itself as an “exchange for everything,” integrating services such as options and lending. A distinctive feature of its tokenomics includes a mechanism wherein holders can burn their FT tokens to reclaim their initial investment through a perpetual put option.
As the DeFi landscape continues to evolve, the developments surrounding Flying Tulip could set new benchmarks for future projects, particularly under the guidance of a seasoned innovator like Andre Cronje.
