Flowdesk, a full-service digital asset trading technology firm, announces its $50 million Series B, led by Cathay Innovation along with the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI and Ripple.
Guilhem Chaumont, CEO and Co-Founder of Flowdesk, said:
“This raise highlights the significance of Flowdesk as the emerging industry standard for market-making and over-the-counter (OTC) services, offering sustainable and compliant liquidity solutions for token issuers and institutions. In a landscape marked by regulatory uncertainties, volatility, and multiple industry-wide setbacks, liquidity has remained scarce. Flowdesk’s full suite of services aims to revolutionize this landscape, offering scalable, risk-adjusted, and capital-efficient solutions.”
The funds raised will be used “to consolidate their position as a leading market-making service provider and expand their OTC offering.”
In addition, Flowdesk plans to “expand regulatory coverage in Singapore and in the US.”
The raise will also be invested into “expanding offices in financial hubs and key hires, like Charles TIGHE, CFO who will help Flowdesk roll out their development plan.”
Flowdesk experienced a threefold “increase in revenues year on year, notably driven by the growth of the APAC region under supervision of David Bachelier (Chief Markets Officer and CEO APAC).”
Their newly opened US and Canada office, “led by Reed Werbitt (ex-Managing Director and Head of Cash Trading at Genesis), has been scaling rapidly over the past few months. The OTC desk, joined by Hanson Birringer, Greg Guttas and Warren Wynn (respectively Head of OTC sales, Head of OTC trading and Head of Trading Operations), has been running full speed. Flowdesk was also recently named as an approved liquidity provider for the Grayscale ETF, marking another milestone in the institutionalization of their flow after their recent collaboration with Societe-Generale FORGE.”
The Flowdesk team has been “focusing on improving trust in the market-making landscape by developing regulated and transparent market-making services to token issuers, exchanges and institutions. It has been the pioneering force behind developing Market Making as a Service (MMaaS), a product that lets token issuers utilize Flowdesk’s low-latency trading infrastructure and global team for liquidity provision while keeping full control of their treasury.”
Amid the failures spotlighted in the crypto industry last year, Flowdesk continued “the focus on raising the bar in compliance and service quality. By providing a trustless and fair pricing model, Flowdesk addresses these current market challenges of regulation uncertainty, lack of transparency, and high cost.”
As noted in the update, Flowdesk is “a full service digital asset trading technology firm that offers market making, OTC and treasury management. They have set the standards for Market Making as a Service (MMaaS). MMaaS offers a new approach to managing liquidity on secondary markets. Crypto projects, exchanges and institutions can manage their own liquidity using Flowdesk’s MMaaS infrastructure and its trading team’s global coverage.”
Founded in 2020, Flowdesk is based in Paris “with offices in Singapore and North America, guaranteeing a global operational coverage.”
Flowdesk’s ambition is to become “the market leader in infrastructure provision for trading and financial services in digital assets. Flowdesk has a strong conviction that the next wave of tokenization will, on one hand, significantly raise the amount of tokens, including securities and real world assets and, on the other hand, it will exponentially increase the number of market-making streams.”