FlowDesk has secured $ 102 million in fresh financing to expand its digital asset trade and liquidity business, supported by HV Capital and a debt facility from blackrock-controlled funds.
“This round of financing marks a central moment of flowDesk as we speed up our expansion to the most important global markets,” CEO Guilhem Chaumont said in an E email to Coindesk. “Institutional demand for market -making infrastructure is growing rapidly, and we are obliged to scale our technology and services to meet this need.”
In a release, Flowdesk said it will use the revenue from the round to scale its over-the-counter (OTC) derivatives business and launch a dedicated crypto credit, while also doubling the number of employees of the trading company.
“Flowdesk has built one of the most robust global infrastructures for trade in digital asset, with unique market connection, regulatory coverage and a wide range of liquidity solutions,” Chaumont continued.
It also plans to expand to the Middle East, where UAE is the next potential hub. Flowdesk is known for making bold efforts when opening new offices; It expanded to the United States under the height of Biden White House’s war against crypto, a step that seemed risky at the time, but ended up paying nicely to the company.
Tokenization is also a major focus of flowDesk as institutional interest in assets on the chain is growing.
The company has collaborated with token issuers to facilitate liquidity of tokenized assets and plans to expand its services to include stablecoins, tokenized securities and money market funds.
“From day one, Flowdesk is built on the vision that tokenization would redefine the financial markets. In recent years, our work with token issuers has placed us at the head of this transformation,” Chaumont said in an E email.
Flowdesk’s existing investors, Eurazeo, Cathay Innovation and Isai, also participated in the round.
