Flow Traders has rolled out a 24/7 over-the-counter (OTC) liquidity service for tokenized assets, marking a deeper push by the ETP market maker into digital markets.
The firm said Tuesday it is leveraging its long-standing experience in traditional finance to provide continuous liquidity for blockchain-based versions of assets such as equities, commodities, and money market funds. The move is aimed at institutional investors seeking to manage risk and maintain trading activity outside standard market hours.
The service operates through Flow Traders’ Digital Asset OTC platform, offering continuous two-way pricing on tokenized instruments, including Franklin Templeton’s BENJI and Tether Gold (XAUT). With this setup, the platform remains active around the clock, quoting buy and sell prices even when traditional exchanges are closed.
Access is currently available to permissioned institutional counterparties, who can connect via FIX and other widely used trading systems.
CEO Thomas Spitz said the launch builds on the firm’s history of operating at the crossroads of traditional and digital finance, adding that the new service brings regulated tokenized equities and commodities into a 24/7 trading environment.
The offering targets a key limitation faced by institutions—restricted ability to adjust positions during weekends and overnight sessions. Recent geopolitical tensions, particularly between Iran and Israel, have highlighted this gap, with traditional markets shut while crypto markets continue to move.
Marc Jansen, co-chief trading officer at Flow Traders, said institutional demand for continuous exposure management is rising. He noted that tokenized assets are gaining traction across platforms such as Binance, OKX, and Hyperliquid, where weekend trading increasingly contributes to price discovery.
He added that OTC liquidity is especially valuable for larger trades, where exchange-based liquidity remains relatively thin. By providing deeper pricing support, Flow Traders aims to facilitate smoother execution in these markets.
The firm also pointed to the rapid expansion of tokenization, noting that tokenized precious metals markets are nearing $6 billion in value, a roughly fourfold increase since late 2024.
Tether CEO Paolo Ardoino highlighted the importance of liquidity providers in enabling efficient trading and broader adoption of tokenized assets like XAUT.
Flow Traders believes its two decades of experience in market-making across asset classes—including ETPs, digital assets, fixed income, foreign exchange, and commodities—positions it well to support this growing segment. The company ranked among the top three global ETP market makers by trading volume in 2025.
Jansen said the firm’s expertise in pricing ETFs during periods when underlying markets are closed has helped it develop models that can be adapted to tokenized markets, enabling continuous risk management.
Looking ahead, Flow Traders plans to broaden the service, with asset coverage evolving based on client demand, regulatory developments, and integration with additional trading venues. Availability will differ by jurisdiction, depending on regulatory frameworks and client eligibility.
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