Venture firm Multicoin Capital has made its first investment in a project built on the Hyperliquid network, signaling growing institutional interest in the ecosystem. The target, Trasia, is a trading platform designed specifically for Asian traders and was co-founded by Mable Jiang, a former partner at Multicoin Capital. By building on Hyperliquid, Trasia aims to tap into the network's infrastructure while catering to regional demand in Asia. The move marks a notable milestone for Hyperliquid, as backing from an established crypto venture firm could help attract additional developers and capital to its ecosystem. The investment also reflects Multicoin's continued strategy of supporting projects tied to its network of alumni and partners. Financial terms of the deal were not disclosed in the announcement.
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