Trasia Labs completes $1.75 million seed round financing, positioning itself in the Hyperliquid Asian perpetual trading market

Multicoin Capital, as the sole institutional investor, invested $1.75 million in Trasia Labs' seed round financing, officially entering the Hyperliquid ecosystem. Trasia is a perpetual contract trading platform natively built on Hyperliquid, primarily targeting the Asian market.

Trasia was co-founded by former Multicoin Capital partner and former Stepn team Chief Revenue Officer Mable Jiang, along with Web3 practitioner Edison Chen. It officially launched its first web version on July 17, supporting both Chinese and English languages. The mobile app is expected to be launched in August and has initiated an invitation-based Asia Points rewards program. The platform currently connects to the Hyperliquid native perpetual market in a non-custodial manner and plans to launch its own perpetual contracts based on the HIP-3 protocol, focusing on asset classes that are of high interest to Asian investors, such as AI infrastructure and Pre-IPO. The official statement indicated that over $35 million in HYPE and USDC has been invested to support the growth of the Asian stock perpetual market and related ecosystem.