TurboFlow Targets Asia’s $7T Futures Gap With Prediction Markets

Published by James Harris on June 23, 2026June 23, 2026

A Hong Kong-based trading platform combining prediction markets and perpetual futures, TurboFlow raised $6 million in seed funding led by Pantera Capital, with Susquehanna Crypto and Digital Currency Group also participating. The round, structured as a SAFT and closed back in March, is being announced now as the prediction market sector posts numbers that are hard to ignore.

The timing context matters more than the raise itself. Kalshi’s $1 billion Series F in May, at a $22 billion valuation, came alongside an annualized trade volume jump from $52 billion to $178 billion in six months, with institutional trading up 800% over the same period according to Reuters. Crypto perpetual futures volumes tell a similar story: $4.14 trillion in January 2025 grew to $7.24 trillion a year later. What TurboFlow founder Tony He, a former co-founder at Amber Group, is pitching is that all of this growth has happened almost entirely in Western markets, leaving the APAC region, where retail appetite for leveraged and event-driven products is historically enormous, without an integrated institutional-grade platform to absorb it.

Asia’s regulatory patchwork is the real product-market fit question, not the technology.

Singapore permits regulated derivatives trading but has no dedicated retail prediction market framework. Japan and South Korea maintain tighter restrictions on speculative products. That fragmentation is either TurboFlow’s opportunity or its ceiling, depending on how those jurisdictions move over the next 18 to 24 months. Pantera, which has been backing trading infrastructure consistently, including an $11.5 million Series A into Based, a HyperLiquid-powered trading and payments platform, is clearly positioning around the thesis that derivatives and event-contract platforms are infrastructure, not speculation, and that the institutional entry point is still early enough to matter.

The SAFT structure is worth registering. Investors are getting a legal promise of future tokens, not equity, which means TurboFlow’s token launch is the actual event to track. How the token is designed, what share goes to the team and early backers versus public circulation, and when those unlocks hit will determine whether this seed round looks prescient or follows the familiar pattern of well-funded platforms that struggled to convert early liquidity into durable user retention. The fresh capital is earmarked for product development, liquidity infrastructure, and user growth, per BloomingBit, which is the right order of priorities, but execution in a fragmented regulatory environment is a different problem than raising the seed round to attempt it.