Flow Traders, one of the world’s leading market makers in exchange-traded products, said on Tuesday that it is bringing its decades of TradFi expertise to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity.
The move arms institutional clients with a new tool that allows them to manage risk and keep capital flowing via blockchain versions of popular traditional assets when traditional exchanges are dark on weekends and after hours.
The new offering, delivered through Flow Traders’ Digital Asset OTC platform, provides proprietary, two-way pricing for tokenized money market funds, stocks and commodities, including Franklin Templeton’s BENJI and tether gold (XAUT), according to the press release shared with CoinDesk.
This means that the OTC platform will now constantly quote prices, ready to buy or sell the tokenized assets outside of regular traditional market hours. The service is available immediately to approved counterparties, where institutions can access liquidity via direct FIX connectivity and other standard trading interfaces.
“At Flow Traders, we have operated at the intersection of traditional and digital markets for many years, and we are pleased to launch 24/7 OTC liquidity for regulated tokenized stocks and commodities to approved counterparties through our digital asset OTC platform,” said Thomas Spitz, CEO of Flow Traders.
The OTC liquidity aims to solve a nagging problem for institutions: the inability to adjust positions on weekends or overnight. This has become brutally evident in recent weeks as tensions between Iran and Israel flared over the weekend, leaving traditional trading desks empty while crypto markets rumbled.
Demand is coming mainly from institutions that want the ability to manage exposure outside of traditional market hours,” Marc Jansen, co-chief trading officer at Flow Traders, told CoinDesk.
He explained that the OTC liquidity service will help large traders better manage their risk beyond market hours through tokenized stocks and commodities, which are already gaining popularity on venues such as Binance, OKX and Hyperliquid.
“All weekend long, these markets are getting pretty close to the traditional market opening price as a result of this weekend price discovery. OTC liquidity is helping to support that activity, especially for larger trades where liquidity in public venues is still developing,” he said.
According to the firm, tokenization is growing rapidly, and the tokenized gold and silver market alone is approaching $6 billion in value, roughly quadrupling since the end of 2024.
“Liquidity providers such as Flow Traders play a critical role in ensuring that tokenized assets like XAUT can trade efficiently across venues and reach a wider set of market participants,” said Paolo Ardoino, CEO of Tether.
The asset tokenization market is reportedly worth $3 trillion as of this year and is growing at a CAGR of 44.25% and may reach over $18 trillion by 2031 according to some estimates.
However, this booming market requires more than just enthusiasm; it requires battle-tested expertise and this is where Flow Traders appears to have an advantage thanks to their 20 years of experience in market making and liquidity provision for global exchange-traded products.
They operate across asset classes including ETPs, digital assets, fixed income, currency and commodities, and ranked among the top three global market makers by ETP trading volume in 2025.
“For us, with extensive experience in the ETF markets, it’s a more familiar problem. We’ve always priced and managed risk in products when parts of the primary market are closed. It already requires using models rather than solely relying on underlying market prices, and we’ve built these pricing models over time in our ETF business, and they can be extended to Jan tokenized.”
“Our role is to provide liquidity wherever the market develops,” he added.
The new OTC service will expand coverage and evolve with active availability driven by institutional counterparty demand, ongoing regulatory developments and integration of supported trading venues.
Product offerings will therefore vary by jurisdiction and depend on customer eligibility, with different members of the Flow Traders group providing access based on their respective regulatory status.
