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Carried by the rise of ETF Bitcoinwhich today accumulate more than $ 115 billion in assets under managementand by the rise of the Tokenization of financial assets, the digital asset market accelerates its transformation. These developments attract institutional investors and large companies, but pose a major challenge: access to a reliable and continuous liquidity in an ecosystem still fragmented. Despite the multiplication of trading platforms, whether centralized and decentralized, the disparities between market places slow down the fluidity of trade and the adoption of structured financial products.
Since 2020, the regulations have increased with initiatives like Mica in Europe, aimed at structuring the ecosystem. At the same time, the multiplication of exchange platforms, centralized and decentralized, complicates liquidity management and access to markets.
Founded in 2020, by Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux, Flowdesk has developed an algorithmic trading platform and liquidity management adapted to the needs of institutional and digital asset issues. Its “Market-Making AS A Service” offer allows companies to access more than 140 trading platforms, covering the spot and derivative markets.
Its model is based on access to liquidity thanks to a trading infrastructure connected to the largest platforms. It guarantees enhanced transparency that meets the requirements of institutional investors. It also allows diversification of services, with the addition of an OTC offer and the creation of a Crypto Credit Desk.
Flowdesk has just finalized a lifting of $ 102 million (€ 94 million) including equity funding provided by HV Capitalalongside historical investors Eurazeo, Cathay Innovation and Isaias well as debt funding via funds managed by Blackrock.
This capital will be used to strengthen OTC activities and derivatives with the creation of a Crypto credit desk, to double the workforce to support growth, to invest in compliance and regulation, in particular to anticipate Micaand to continue international expansion with the planned opening of a office United Arab Emirates.
The startup achieved a previous $ 30 million table in 2022
