On Monday (June 22), TurboFlow, a Hong Kong-based on-chain trading platform that integrates both prediction markets and perpetual futures, raised $6 million in seed funding. The round was led by Pantera Capital and included Susquehanna Crypto and Digital Currency Group.
The fundraising effort comes amid expectations that global prediction market volumes will increase fivefold this year, and an increasing flow of institutional capital toward event-contract platforms.
According to The Block, the funding round was done via a simple agreement for future tokens (SAFT) and was closed in March. Under an SAFT, an investor provides funding upfront in exchange for a legal promise that the company will deliver digital tokens to them at a later date, usually when the network or platform officially launches.
Tony He, founder of TurboFlow and a former co-founder and partner at Amber Group, did not disclose the startup’s valuation.
TurboFlow bets on Asia’s underserved trading market
This timing is indicative of an overall capital migration trend. The regulated US-based prediction market platform Kalshi raised a Series F of $1 billion in May, valued at $22 billion, as its annualized trade volume rose from $52 billion to $178 billion within six months, per the company.
Institutional trading on Kalshi increased 800% over the same period, according to Reuters. Prediction market volumes reached around $64 billion in 2022, according to data from Artemis via BloomingBit, with projections surpassing $325 billion in 2026.
Perpetual futures, the second part of TurboFlow’s products, are becoming popular as well. According to BloomingBit, crypto perpetual futures trading volume reached $7.24 trillion in January 2026 compared with CoinGecko Research’s $4.14 trillion a year earlier.
TurboFlow banks on the large opportunity in Asia. As Tony He said in an interview with The Block, platforms like Kalshi and Polymarket have found a home in the Western world. Still, the market is “largely underdeveloped” in the Asia-Pacific (APAC) region.
“We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge,” He said, via The Block.
Pantera sees infrastructure upside in event trading
The lead investor in TurboFlow’s funding round, Pantera Capital, is one of the longest-running investment companies focused on cryptocurrencies. It launched its first Bitcoin fund in 2013. Pantera manages venture, hedge fund, and liquid-token strategies across the digital asset sector.
Paul Veradittakit, a managing partner at Pantera Capital, stated in his January 2026 letter to investors that institutional acceptance of crypto continues to grow and cited examples of blockchain adoption in enterprise products and the creation of sovereign reserves.
“Financial markets function best when participation is broad and access is fair,” Veradittakit said in an interview with BloomingBit. “TurboFlow is advancing a vision of more transparent and inclusive markets through blockchain,” he added.
In recent months, Pantera Capital has invested in trading and infrastructure startups, including an $11.5 million Series A into Based, a trading and payments solution powered by the HyperLiquid platform, according to PANews.
APAC becomes the next on-chain trading battleground
Viewed this way, TurboFlow is aiming for more than launching another decentralized exchange. It is betting that APAC could become the first region where retail traders can access perpetual futures, prediction markets, and self-custodial trading through one integrated platform.
The fresh capital will go toward product development, liquidity infrastructure, and user growth, according to BloomingBit. Beyond financing another exchange launch, however, TurboFlow’s seed round appears to reflect a larger bet on the convergence of derivatives and event-driven speculation.
The idea has already gained traction in Western markets, where platforms such as Kalshi and Polymarket helped popularize prediction markets among retail users. Asia, by contrast, remains a fragmented landscape.
Singapore permits regulated derivatives trading but has yet to establish a dedicated framework for retail prediction markets, while jurisdictions including Japan and South Korea maintain stricter limits on speculative products.
That regulatory patchwork could create an opening for companies willing to tailor compliance, liquidity, and product offerings to local markets. If prediction-market volumes reach the projected $1.1 trillion by 2030 and crypto perpetuals continue expanding from their current multi-trillion-dollar base, platforms that combine both products could eventually compete for a slice of a market worth hundreds of billions of dollars in annual trading activity.
For TurboFlow, the bigger challenge may not be building the technology or navigating regulations. It will be proving that retail traders are looking for institutional-grade execution and risk-management tools just as much as they are seeking new ways to speculate.
TurboFlow tests demand with high-velocity event trading
The platform has been running a beta for more than six months, with over 15,000 registered users and cumulative trading volume exceeding $19 billion, according to The Block. Entry sizes start at $2, and the platform describes its model as “high-velocity event trading” focused on short-duration contracts.
TurboFlow employs more than 30 people, most based in Hong Kong, and plans to stay lean, He told The Block. On the question of licensing, He said regulatory frameworks for prediction markets “vary significantly across APAC and are still evolving.” The company is working with advisors on a market-by-market compliance approach.