Trasia Labs said on July 17 that it has raised $35 million in total, including a $1.75 million seed round led by Multicoin Capital.
The company is the team behind Trasia, an Asia-first, non-custodial trading platform built on Hyperliquid. According to the announcement, the new funding will be used to launch its web and mobile applications, speed up user growth, and kick off the first HIP-3 markets centered on Asian securities-related assets.
At the same time, Trasia said its web trading interface has officially gone live, with Chinese and English available at launch. The company added that its mobile trading interface is designed to offer an experience close to that of leading Asian exchanges, aiming to make trading global markets feel more familiar and straightforward for users in the region.
Initial rollout starts with Hyperliquid native markets
Trasia is built on Hyperliquid, a high-performance blockchain designed for onchain derivatives and native perpetual futures trading.
The platform said it will initially offer Hyperliquid’s native HIP-3 markets, then begin listing its own HIP-3 markets later this year. As a new HIP-3 deployer, Trasia plans to introduce fresh contracts tied to Asia-listed assets and prioritize the markets most closely followed by local traders.
The company said those contracts will be cash-settled and reference-price only. Neither Trasia nor its users will buy, hold, or own the underlying securities.
Founders and investor point to Asian market access
Mable Jiang, co-founder of Trasia, said, “More than half of the companies defining the AI and robotics era were born in Asia, and many of them have recently listed in local markets or will go public there in the next few years.”
She added, “We are building a flagship trading platform for Eastern markets and Eastern traders. We have a distinct and deep understanding of the assets and markets that local traders actually care about. For years, Asian traders have been the core engine of the world’s largest exchanges, but there still has not been a platform built specifically for them. Trasia was born for Asia.”
Tushar Jain, managing partner and chief investment officer at Multicoin Capital, said, “The largest pool of high-quality assets outside the United States sits in Asian capital markets, yet until now there has not been an easy way for people to trade those assets, let alone use leverage.”
He said Trasia combines regional insight with Hyperliquid’s high-performance trading engine to help global market participants trade a set of assets he described as among the most attractive in the world. Multicoin also said it remains bullish on the Hyperliquid ecosystem and expects Trasia to capture meaningful market share and grow into an important force over the coming years.
Web platform is live, mobile app expected this summer
To mark the launch, Trasia plans to run an invite-only trading campaign for early users. Its native mobile application is expected to be released this summer, with new HIP-3 pairs focused on Asian local markets set to follow shortly after.
The company said users can apply for an invitation or learn more at www.trasia.xyz.
About Trasia and Multicoin Capital
Trasia describes itself as a trading platform built for Eastern markets and Eastern traders. Built on Hyperliquid, it positions itself as an Asia-first perpetual futures venue designed to connect global capital with local markets.
Multicoin Capital is a thesis-driven investment firm focused on cryptocurrencies, tokens, and blockchain companies. Founded in 2017, the firm said it invests on behalf of family offices, foundations, endowments, and institutional investors across public and private markets with a long-term, high-conviction approach. More information is available at https://multicoin.capital.