TurboFlow raises $6M seed led by Pantera to build APAC-focused onchain prediction and perps venue

TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, has raised $6 million in a seed round led by Pantera Capital. Susquehanna Crypto and Digital Currency Group also joined the round, which was structured as a SAFE with token warrants and closed in March, according to founder Tony He. TurboFlow did not disclose the valuation.

The Hong Kong-based platform is positioning itself as the “Kalshi of APAC,” aiming to localize prediction markets and derivatives for Asian users, where He says the segment remains underdeveloped compared with Western venues like Kalshi and Polymarket. TurboFlow said its beta has been live for over six months, with more than 15,000 registered users and over $19 billion in trading volume processed to date.

“We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge,” said He, a former co-founder and partner at Amber Group. “People here are interested in different topics and assets to trade. It’s about staying close to users and being able to deliver the products they want, fast.” The platform describes its approach as “high-velocity event trading,” with entry sizes as low as $2, fast settlement for short-duration contracts, and a consumer-focused UI.

On the regulatory side, He noted that prediction market rules “vary significantly across APAC and are still evolving,” adding that TurboFlow is “proactively building toward a compliant, legitimate setup” and working with advisors on a market-by-market strategy. Liquidity plans lean on relationships with firms including Susquehanna Crypto, as well as the team’s market-making and user acquisition background across Asia.

TurboFlow currently has more than 30 employees, with most of the core team based in Hong Kong, and plans to stay “relatively lean” while scaling. The raise comes as both prediction markets and crypto perps continue to attract investor attention, with Pantera, Susquehanna Crypto, and DCG effectively backing an APAC-native entrant in an increasingly competitive onchain trading stack.