FT Lend sees significant AUM growth with $15 million milestone, Andre Cronje notes

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17.08.2026

FT Lend sees significant AUM growth with $15 million milestone, Andre Cronje notes — FT Lend hits $15 million milestone

Andre Cronje, founder of Flying Tulip and former Chief Technology Officer and board member of Sonic Labs, reported that FT Lend has surpassed $15 million, while ftUSD total assets stand just under $5 million.

Cronje highlighted that system fees and revenue are both trending upward, and buybacks now exceed $1,000 per day. The current annual yield for ftUSD is 9.29%, with overall system assets under management at $70.91 million. Out of 16 possible products, 3 have been activated, and out of 9 blockchains, 2 are now supported as the platform continues to scale both vertically and horizontally.

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Earlier this year, Cronje introduced Flying Tulip as a unified onchain financial system designed to address collateral, credit, and settlement functions. He also reported that margin lending on Ethereum and Sonic reached $15 million in liquidity. These developments form the basis of the current growth in FT Lend and ftUSD.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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