Flying Tulip, a decentralised finance platform built by Sonic Labs (formerly Fantom) with Andre Cronje providing technical leadership, has raised $25.5 million in a Series A round. Amber Group and Fasanara Digital participated in the funding. The investment follows a $200 million seed round in September 2024, bringing total capital raised to $225.5 million. The funds will accelerate platform development, expand engineering teams and enhance security protocols. Flying Tulip focuses on core settlement layer technology with a modular smart contract framework designed for institutional compliance. The platform emphasises cross-chain interoperability and capital efficiency, with a phased rollout planned throughout 2025 and 2026. The funding reflects growing venture capital interest in foundational DeFi infrastructure rather than speculative applications.

Flying Tulip, a DeFi platform founded by Andre Cronje, has raised an additional $75.5 million through private and public token sales, achieving a $1 billion token valuation. The funding comes as Cronje, known for his previous work in decentralised finance, launches his latest venture in the DeFi space. Details about the investors participating in the private sale and the platform's specific features were not disclosed.

PANews reported on December 24 that prediction market aggregator Rocket has announced the completion of a $1.5 million pre-seed funding round, led by Electr | Bitget crypto news!