On-chain trading platform Turboflow raised $6 million in a seed round led by Pantera Capital, The Block reported on Monday.
Hong Kong-based Turboflow combines prediction markets with perpetual futures, describing itself as an "Asia-Pacific version of Kalshi."
Founder Tony He (토니 허) stressed that prediction market platforms such as Kalshi and Polymarket have gained strong popularity in Western markets, but Asia still lacks a proper service.
"There is a big gap between Asian users and institutional-grade liquidity," he said. "The key is to stay close to users and quickly offer the products they want."
Turboflow promotes high-frequency event trading that allows participation with small amounts such as $2. It also cited fast settlement infrastructure for short-term contracts and a consumer-friendly interface as differentiators. The company said it has secured more than 15,000 registered users after running a beta for more than 6 months, and that cumulative trading volume has topped $19 billion.
Chi-gyu Hwang
delight@d-today.co.kr