Flying Tulip announces addition of new institutional investors

According to CoinWorld, the full-stack on-chain exchange Flying Tulip has recently received additional institutional investment from Amber Group, Fasanara Digital, and Paper Ventures. Founder Andre Cronje stated that this reflects institutional investors’ continued focus on verifiable on-chain market structures. The platform is building a unified spot trading, derivatives, credit, stablecoin (ftUSD), and on-chain insurance market. Its core feature is on-chain redemption rights, namely the “Perpetual PUT” option, which allows eligible participants to burn $FT tokens and redeem up to the amount of their original principal from isolated on-chain reserves, thereby providing downside protection.