{"id":30782,"date":"2026-07-16T18:29:16","date_gmt":"2026-07-16T17:29:16","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/07\/16\/multicoin-capital-trasia-hyperliquid-investment\/"},"modified":"2026-07-16T18:29:19","modified_gmt":"2026-07-16T17:29:19","slug":"multicoin-capital-trasia-hyperliquid-investment","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/multicoin-capital-trasia-hyperliquid-investment\/","title":{"rendered":"Multicoin Capital Bets on Trasia in Its First Move Into the Hyperliquid Ecosystem"},"content":{"rendered":"\n

Multicoin Capital<\/strong> has reached a symbolic milestone: the Texas-based crypto fund has just made its first investment in the Hyperliquid ecosystem<\/strong>, backing Trasia<\/strong>, a trading platform built for Asian markets.<\/p>\n\n\n\n

Behind the project stands a well-known figure in the industry: Mable Jiang<\/strong>, a former partner at Multicoin Capital<\/strong> itself, who is now co-founding the platform she aims to establish as the go-to reference for on-chain trading across Asia.<\/p>\n\n\n\n

An investment that says as much about Hyperliquid<\/strong>‘s trajectory as it does about the geographic ambitions of major American crypto funds.<\/p>\n\n\n\n

Trasia: A Platform Built for Asian Traders, Powered by Hyperliquid<\/h2>\n\n\n\n

Trasia<\/strong> is built directly on Hyperliquid<\/a><\/strong>, the perpetual derivatives DEX<\/strong> that has established itself as one of the most high-performing protocols of the current cycle. By choosing this infrastructure, Trasia commits to a fully on-chain architecture with no centralized order book, reduced latency, and complete position transparency \u2014 compelling arguments for institutional and semi-professional traders alike.<\/p>\n\n\n\n

Trasia’s editorial angle is clear: target Asian markets<\/strong>, a region that has historically dominated crypto trading volumes yet remains consistently underserved by Western platforms. Southeast Asia, South Korea, Japan, and Taiwan<\/strong> represent deep pools of active users with distinct trading behaviors \u2014 a strong appetite for altcoins, high-leverage perpetuals, and sessions that run through European nighttime hours.<\/p>\n\n\n\n

Mable Jiang<\/strong>, who spent several years at Multicoin Capital<\/strong> covering precisely these markets, brings rare on-the-ground knowledge to the table. Her credibility within the Asian ecosystem is arguably one of Trasia’s most valuable assets, beyond the technology itself.<\/p>\n\n\n\n

Why This Deal Reveals Hyperliquid’s Rise as an Investment Ecosystem<\/h2>\n\n\n\n

The fact that Multicoin Capital<\/strong> chose Hyperliquid<\/strong> for its first investment in this ecosystem<\/strong> is far from coincidental. The fund, known for its early-stage bets on infrastructure plays like Solana<\/a><\/strong>, is applying a similar logic here: identify a protocol with strong value-capture potential, then back the applications that will drive usage and liquidity across that network.<\/p>\n\n\n\n

Hyperliquid<\/strong> experienced spectacular growth throughout 2024 and into early 2025, with perpetual trading volumes regularly rivaling those of established centralized exchanges. Its native token HYPE<\/strong> has drawn significant institutional attention, and the application ecosystem is beginning to take shape around the base layer. Trasia<\/strong> fits squarely into this dynamic: a vertical application with a well-defined target market, capable of generating recurring volume on the protocol.<\/p>\n\n\n\n

For Multicoin<\/strong>, the investment in Trasia<\/strong> serves a dual purpose: gaining exposure to Hyperliquid’s growth<\/strong> through a high-adoption-potential application, while capitalizing on Mable Jiang<\/strong>‘s Asian network and expertise \u2014 a combination that would be difficult for less geographically positioned competitors to replicate<\/a>.<\/p>\n\n\n\n

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