BlockBeats News, June 23, The on-chain trading platform TurboFlow, which provides prediction markets and perpetual futures, has completed a $6 million seed round of financing. The round was led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. TurboFlow's founder, Tony He, stated that the fundraising round was initiated earlier this year and was completed in March. The financing was structured as a SAFE with token subscription rights, and the valuation was not disclosed. Tony He was previously a co-founder and partner at Amber Group.

TurboFlow is headquartered in Hong Kong and aims to become the "Kalshi of the Asia-Pacific region." Tony He mentioned that prediction markets have seen significant adoption in Western markets through platforms like Kalshi and Polymarket, but the development in Asia is still lacking. TurboFlow hopes to fill this gap through localization and a stronger regional presence. TurboFlow has stated that its beta version has been running for over 6 months, with over 15,000 registered test users and a total trading volume of over $19 billion.