Flowdesk, a full-service digital asset trading and technology firm, announced the close of its $102m financing round, including equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock.
Since its launch in 2020, Flowdesk has emerged as a global liquidity provider in the crypto industry, “through its Market-Making as a Service offering, serving spot and derivatives markets across over 140 centralized and decentralized exchanges.”
The company is dedicated to engineering trading technology and liquidity solutions “tailored to the needs of a digitally native economy.”
Following its global expansion efforts back in 2023, the company’s revenues reportedly “grew by 8x in 2024.”
The extension will bolster ease of “access to digital asset liquidity for ETFs and OTC trading solutions through a single point of contact.”
The funds will be used to scale its OTC derivatives business and launch a dedicated crypto credit desk, “broadening its services to meet the evolving needs of the digital asset market.”
The company will also invest heavily in its trading infrastructure and double its headcount, “reinforcing its position as a leading liquidity provider and OTC trading firm while accelerating its global expansion.”
The company intends to invest in compliance and legal to “support the maturing guidelines from regulators, notably in anticipation of MICA.”
Finally, the company is set “to open additional offices, notably considering UAE as its next outpost in the middle-east.”
Guilhem Chaumont, Global CEO of Flowdesk said:
‟Our mission is to build institutional-grade trading solutions for the digital asset ecosystem. We are grateful to have partners and our existing investors backing our ambitious growth plans. Tokenization has the potential to transform capital markets on a global scale. This partnership will allow us to continue pursuing our quest to make digital assets accessible to a wider range of institutionalized counterparties.”
In 2024, Flowdesk served as a Liquidity Provider for various BTC ETF issuers.
Today, all BTC ETF funds hold more than “$115 billion worth of the cryptocurrency,” according to FactSet.
Reed Werbitt, US CEO And Chief Revenue Officer of Flowdesk said:
‟Digital asset ETFs mark a pivotal moment in the evolution of crypto. These ETFs send a strong signal to institutional investors that digital assets are maturing, paving the way for substantial capital inflows from hedge funds, pension funds, and endowments. We look forward to partnering with institutions entering the space through ETFs or any instruments.”
Founded in 2020, Flowdesk is a liquidity provider and OTC trading firm.
They combine financial and crypto expertise with algorithmic trading and their proprietary trading platform “to connect digital assets to global liquidity.”
Their technology is said to be engineered to “bring control and transparency to digital asset markets.”
Flowdesk operates globally with offices in France, Singapore, and the U.S.
