[DigitalToday reporter Chi-gyu Hwang] Crypto market-making firm Flow Traders is moving into the tokenised asset market through a 24-hour over-the-counter trading platform, The Block reported on March 19 (local time).
Flow Traders supports trading in tokenised money market funds, stocks and commodities, and provides two-way liquidity for assets including Franklin Templeton's onchain money market fund (BENJI) and Tether Gold (XAUT). This will allow institutional investors to trade and hedge outside regular trading hours using fiat currencies or stablecoins.
Flow Traders CEO Thomas Spitz (토마스 스피츠) stressed that market structure has evolved over the past 20 years, from ETFs to electronic trading, and tokenisation is likely to be the next step. The platform is designed to be accessible only to pre-vetted institutional investors, and can be used only by participants that have completed onboarding and KYC procedures.
Founded in 2004, Flow Traders is listed on Euronext Amsterdam and operates as a market maker across asset classes including equities, bonds, commodities, cryptocurrencies and foreign exchange.
Chi-gyu Hwang
delight@d-today.co.kr