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Flow Traders debuts 24/7 OTC liquidity service for tokenized stocks, gold and money market funds

CoinDesk
Flow Traders launched a 24/7 OTC liquidity service for tokenized assets like stocks, gold, and money market funds.

Summary

ETP market maker Flow Traders has introduced a 24/7 over-the-counter (OTC) liquidity service for tokenized assets, leveraging its traditional finance expertise for institutional clients. This new offering, available immediately to permissioned counterparties via their Digital Asset OTC platform, provides proprietary, two-way pricing for tokenized money-market funds, equities, and commodities, such as Franklin Templeton’s BENJI and tether gold (XAUT). The service directly addresses the institutional need to manage risk and maintain capital flow outside traditional market hours, especially over weekends when traditional exchanges are closed. Flow Traders executives noted that this capability is crucial as tokenization grows rapidly, citing the tokenized gold and silver market nearing $6 billion. The firm intends to expand coverage based on regulatory developments and client demand, utilizing pricing models developed over two decades in the ETF market to provide liquidity where the market develops.

(Source:CoinDesk)