Andre Cronje's DeFi project Flying Tulip is valued at $1 billion and has raised $225.5 million

CycleProphet · 2026-01-30T00:36:00+00:00

The Flying Tulip DeFi platform has completed a $225.5 million institutional funding round with a valuation of $1 billion, with plans for a public offering. The token price is fixed, and the investment comes with a "perpetual put option" with a target annual return of 4%.

CycleProphet

2026-01-30 00:36:00

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According to The Block, Flying Tulip, a DeFi platform founded by Andre Cronje, has completed $225.5 million in institutional financing, valued at $1 billion, according to The Block. The project has raised an additional $50 million through the Impossible Finance platform and plans to conduct a public sale through CoinList. At present, more than $1.36 billion has been obtained from investment intentions, with only about $400 million remaining.

The Flying Tulip token price is fixed at $0.10, and all investments come with a “perpetual put option” that allows investors to redeem their principal at any time. The platform plans to deploy funds in on-chain strategies with a target annual return of 4% to support the platform’s development.

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