Flow Traders Launches 24/7 OTC Liquidity for Tokenized Assets
Amsterdam-based market maker Flow Traders Ltd (AMS:FLOW) has introduced a new over-the-counter (OTC) service providing round-the-clock, two-way liquidity for a range of tokenized assets. The offering, delivered through its Digital Asset OTC platform, covers tokenized money-market funds, equities, and commodities. Notable assets now supported include Franklin Templeton’s BENJI tokenized money-market fund and Tether’s gold-backed token, XAU₮.
Addressing a Critical Market Gap
The launch responds to a clear and growing institutional demand for reliable access to tokenized assets outside traditional trading hours. As tokenized equities and commodities gain traction, significant trading activity now occurs overnight and on weekends. This shift creates a pressing need for continuous liquidity and risk management tools that function beyond the standard market day. Flow Traders’ solution is designed specifically for this evolving landscape, offering counterparties the ability to trade and hedge exposures at any time.
Leadership Perspective on Tokenization’s Trajectory
Flow Traders’ CEO, Thomas Spitz, framed the move as a natural evolution in market structure, drawing parallels to the rise of ETFs and electronic trading. "Tokenization has the potential to be one of the next major steps in that evolution," Spitz stated. He cited concrete evidence of this shift, noting that in some large-cap U.S. stocks, combined volume in tokenized and synthetic equity markets has at times reached approximately 2–3% of the notional trading volume of their primary U.S. listings. Crucially, much of this activity happens outside standard U.S. market hours, necessitating new infrastructure for overnight equity risk management. "At Flow Traders, we have operated at the intersection of traditional and digital markets for many years," Spitz added, "and we are pleased to launch 24/7 OTC liquidity for tokenized money-market funds, equities and commodities for permissioned counterparties."
How the OTC Offering Works
The service provides institutional counterparties with continuous two-way pricing, underpinned by risk controls tailored for non-standard market sessions like weekends and overnight periods. Trades can be executed against fiat currencies or stablecoins, using familiar OTC workflows with defined settlement processes. Access is available via direct FIX connectivity, order management system (OMS)/execution management system (EMS) platforms, ECNs, or high-touch OTC execution. Flow Traders emphasizes that asset coverage and product availability will evolve based on counterparty demand, regulatory frameworks, and supported venues, with offerings potentially varying by jurisdiction and the regulatory status of the Flow Traders group entity involved.
Industry Validation: The Role of Liquidity Providers
Paolo Ardoino, CEO of Tether, highlighted the broader market significance of professional liquidity for tokenized commodities. "Demand for gold, both in traditional markets and on chain, has accelerated as investors look for resilient stores of value in a more uncertain macro environment," Ardoino said. He noted that liquidity providers like Flow Traders are essential for ensuring assets like XAU₮ can trade efficiently across venues. "Supporting XAU₮ across multiple exchanges and through their OTC desk helps strengthen the market structure around digital representations of physical gold," he stated, adding that improving liquidity is key to bringing these assets to a wider global audience.
About Flow Traders
Flow Traders is a leading global trading firm founded in 2004, renowned for its role as a major market maker in Exchange-Traded Products (ETPs). The firm has systematically expanded its expertise from European equity ETPs into fixed income, commodities, digital assets, and foreign exchange across all major exchanges. Its core mission is to ensure continuous liquidity, enabling investors to buy or sell financial instruments under all market conditions, thereby promoting resilient and orderly markets.
Beyond its trading operations, Flow Traders maintains a strategic investment unit focused on fostering market innovation and enhancing transparency and efficiency within the financial ecosystem. With over 600 professionals worldwide, the company combines deep, two-decade-long experience with an entrepreneurial culture to serve its counterparties and the broader financial system.
