Melody
06/23 07:53
Pantera backs TurboFlow in $6M round focused on prediction markets and perps
Summary
TurboFlow has raised $6 million in seed funding led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group.
The Hong Kong-based platform said it has attracted more than 15,000 beta users and processed over $19 billion in trading volume.
TurboFlow plans to expand its prediction markets and perpetual futures business across Asia as institutional interest in event based trading continues to grow.
TurboFlow announced Monday that Pantera Capital led the round, while Susquehanna Crypto and Digital Currency Group joined as participating investors. Founder Tony He said the fundraising process began earlier this year and concluded in March. He added that the financing was structured as a simple agreement for future equity, or SAFE, with token warrants, but declined to disclose the company’s valuation.
Today marks the humble beginning of a long journey ahead. For years, crypto has promised to bring transparency and efficiency to finance. But the work isn’t done — real inefficiencies still run deep, and it’s our job to hunt them down and fix them.In finance, making a product… https://t.co/sZN4dmLHuv— Tony (@tonytfxyz) June 23, 2026
The company said it will use the capital to accelerate product development, strengthen liquidity infrastructure, and support user growth. TurboFlow operates an onchain trading platform that combines prediction markets with perpetual futures products.
He, a former co-founder and partner at Amber Group, said TurboFlow aims to become the “Kalshi of APAC” by serving users across the Asia-Pacific region. He said platforms such as Kalshi and Polymarket have expanded prediction market adoption in Western markets, while Asia remains underserved despite growing demand.
“We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge,” He said.
Prediction markets draw institutional attention
TurboFlow’s fundraising comes as prediction markets attract new capital and broader participation from both crypto-native firms and traditional financial institutions.
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The company cited CoinGecko Research data showing crypto perpetual futures volume rose from $4.14 trillion to $7.24 trillion year over year by January 2026. TurboFlow also cited Artemis data showing prediction market volume reached $64 billion in 2025, nearly four times the previous year’s level. The company said analysts project annual volume could exceed $325 billion in 2026 and surpass $1.1 trillion by 2030.
Institutional interest has accelerated in recent months. Prediction market operator Kalshi recently reported an annualized revenue run rate above $2 billion and has reportedly begun informal discussions with investment banks about a possible public listing. Earlier this month, Kalshi also raised $1 billion in Series F funding at a $22 billion valuation.
Traditional financial firms have also entered the sector. Charles Schwab recently partnered with Cboe Global Markets to introduce contracts tied to the performance of the S&P 500, extending prediction-style products into mainstream brokerage offerings.
TurboFlow argues that prediction markets and perpetual futures increasingly serve similar trading demand by allowing participants to express views on either asset prices or event outcomes through market-based contracts.
TurboFlow reports $19 billion in trading volume
TurboFlow said it has operated a beta version of its platform for more than six months and has attracted over 15,000 registered users. The company said users have generated more than $19 billion in trading volume during that period.
The platform describes its product as “high-velocity event trading” and allows users to enter markets with positions as small as $2. TurboFlow said users receive access to institutional-grade liquidity, pricing, and risk management infrastructure through a consumer-focused interface.
Paul Veradittakit, managing partner at Pantera Capital, said the firm’s investment reflects its view that blockchain technology can support more accessible and transparent financial markets.
“Financial markets work best when participation is broad and access is equitable,” Veradittakit said. He added that TurboFlow’s early traction and product strategy position the company to become an important participant in the onchain trading sector.
TurboFlow currently employs more than 30 people, with most of its core team based in Hong Kong. He said the company plans to remain relatively lean while expanding partnerships across the digital asset industry and opening parts of its liquidity and risk infrastructure to developers.
He said TurboFlow is also evaluating regulatory requirements across different Asia-Pacific jurisdictions and is pursuing what he described as a compliant, market-by-market approach as prediction market rules continue to evolve across the region.
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