Flying Tulip to Launch Token With $200M Backing

Edgen Crypto

·Feb 14 2026, 00:21

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Key Takeaways

Flying Tulip, a crypto project, is launching its FT token following a massive $200 million seed funding round. The sale introduces a novel mechanism designed to offer investors downside protection, potentially setting a new standard for token launches.

Flying Tulip will launch its FT token public sale on February 16, with the Token Generation Event (TGE) scheduled for February 23.
The project secured $200 million in a seed round at a $1 billion valuation from investors including Brevan Howard Digital and DWF Labs.
A new 'ftPUT' model will be introduced, giving token holders a permanent put option as a form of built-in downside protection.

Project Secures $200M Ahead of February 16 Sale

Flying Tulip will initiate the public sale for its FT token on February 16, with the token's creation and distribution event set for February 23. The launch follows a highly successful seed round where the project raised $200 million, achieving a valuation of $1 billion. This significant capital injection signals strong institutional confidence, with participation from prominent digital asset investors such as Brevan Howard Digital, DWF Labs, CoinFund, and Republic Digital.

'ftPUT' Model Offers Permanent Downside Protection

The FT token's design incorporates an innovative feature called the 'ftPUT' model, which functions as a permanent put option for all token holders. This mechanism is structured to provide a price floor, offering a layer of downside protection that is uncommon in token sales. By building in this risk-management tool, Flying Tulip may attract a broader class of investors who are typically cautious of crypto market volatility. The success of this model could influence future projects to adopt similar investor-centric safeguards, potentially altering the landscape for venture fundraising and tokenomics in the sector.