AC's new project, Flying Tulip, has raised a total of $225.5 million in institutional funding to date.

PANews reported on January 30th that Flying Tulip, a unified on-chain financial system founded by Andre Cronje, founder of Sonic Labs, announced it has completed a total institutional funding round of $225.5 million to date, at the same fully diluted valuation of $1 billion as its seed round. This funding includes a $25.5 million Series A private token funding round with Amber Group, Fasanara Digital, and Paper Ventures, as well as a $200 million seed round completed last September.

In addition to institutional funding, Flying Tulip has raised $50 million through Impossible Finance's Curated platform and plans to launch another public sale on CoinList next week. The project team stated that it has received approximately $1.36 billion in investment intentions to date, and if the existing allocation is fully filled, the remaining funding amount will be approximately $400 million.

According to previous reports yesterday, CoinList will launch the public sale of its new AC project, FlyingTulip (FT), in the early hours of February 3 .