Andre Cronje’s new DeFi project Flying Tulip has raised an additional $75.5M, pushing total institutional capital to $225.5M at a consistent $1B token valuation. > The latest $25.5M came from a private Series A round backed by Amber Group, Fasanara Digital, and Paper Ventures, priced the same as last year’s $200M seed round. > On the public side, Flying Tulip has already raised $50M through Impossible Finance’s Curated platform, with another $200M allocation lined up for CoinList starting next week. > Total soft commitments now sit around $1.36B, with roughly $400M of capacity left if current allocations fill. > All rounds are priced at $0.10 per FT token and include onchain redemption rights, letting investors burn tokens to reclaim their original principal. > Flying Tulip plans to deploy up to $1B of potential capital into onchain strategies across protocols like Aave, Ethena, and Spark, targeting around 4% annual yield to fund growth and buybacks.