Trasia Labs, a liquidity provider specializing in Asian stock perpetuals, has successfully raised $35 million, including a $1.75 million seed round led by Multicoin Capital. The funding will support the development of web and mobile applications, user acquisition, and the introduction of HIP-3 markets focused on Asian securities. The company has launched its web trading interface, available in Chinese and English, with a mobile app release planned for this summer. Trasia Labs, the team behind the Asia-first, non-custodial trading platform Trasia, aims to offer Hyperliquid's HIP-3 native markets and plans to launch its own HIP-3 markets later this year, featuring cash-settled reference price contracts for Asian-listed assets.