Crypto market maker Flow Traders enters tokenized assets via 24/7 OTC desk
Crypto market maker Flow Traders launched a 24/7 OTC desk for tokenized assets, including tokenized money market funds and equities.Summary
Crypto market maker Flow Traders has expanded into tokenized assets by launching a 24/7 over-the-counter (OTC) trading platform. This new offering provides two-way liquidity for products such as Franklin Templeton’s onchain money market fund (BENJI) and Tether Gold (XAUT), allowing institutional clients to trade and hedge exposure outside traditional market hours using fiat or stablecoins.
Flow Traders CEO Thomas Spitz noted that tokenization has the potential to be the next major evolution in market structure access, similar to ETFs and electronic trading. The service will be available only to "permissioned" counterparties who have completed KYC checks. This move follows similar expansions by other crypto market makers like Wintermute and GSR into the tokenized asset space.
The Real World Asset (RWA) market has grown significantly, exceeding $27 billion, with estimates suggesting potential growth into the trillions. Flow Traders' Michael Lie anticipates growth will be gradual and uneven, driven by institutional adoption and infrastructure improvements.
(Source：The Block)