TrasiaLabs completes a $1.75 million seed round of financing to deploy Hyperliquid Asian Perpetual Trading Market

As the only institutional investor, Multicoin Capital invested US$1.75 million in seed round financing in TrasiaLabs, officially entering the Hyperliquid ecosystem. Trasia is a perpetual contract trading platform built in Hyperliquid, mainly for Asian markets. Trasia was co-founded by MableJiang, former partner of Multicoin Capital and former chief revenue officer of the Stepn team, and Edison Chen, a Web3 practitioner. It officially launched its first Web version on July 17, supporting bilingual Chinese and English. The mobile app is expected to be launched in August, and an invitation-based AsiaPoints program has been launched. The platform currently connects to Hyperliquid's native sustainable market in an unmanaged mode. Subsequent plans are to launch its own sustainable contracts based on the HIP-3 agreement, focusing on asset classes that are of high interest to Asian investors such as AI infrastructure and Pre-IPO. Officials said they have invested more than US$35 million in HYPE and USDC to support Asian equity sustainability markets and related ecological growth.