Flow Traders, one of the world’s leading market makers in exchange-traded products, said Tuesday that it is bringing its decades of TradFi experience to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity.
The move gives institutional clients a new tool, allowing them to manage risk and keep capital flowing through blockchain versions of popular traditional assets when traditional exchanges are dark on weekends and after hours.
The new offering, delivered through Flow Traders’ Digital Asset OTC platform, provides proprietary two-way pricing for tokenized funds, stocks and money market commodities, including Franklin Templeton’s BENJI and tether gold (XAUT), according to the press release shared with CoinDesk.
It means that the OTC platform will now constantly quote prices, ready to buy or sell the tokenized assets outside of normal traditional market hours. The service is immediately available to authorized counterparties, and institutions can access liquidity through direct FIX connectivity and other standard trading interfaces.
“At Flow Traders, we have operated at the intersection of traditional and digital markets for many years, and we are pleased to launch 24/7 OTC liquidity for regulated tokenized equities and commodities to authorized counterparties via our digital asset OTC platform,” said Thomas Spitz, CEO of Flow Traders.
OTC liquidity aims to address a persistent problem for institutions: the inability to adjust positions during weekend or overnight sessions. This has become brutally clear in recent weeks, as tensions between Iran and Israel flared over the weekends, leaving traditional trading desks empty as crypto markets roiled.
“Demand is primarily coming from institutions that want the ability to manage exposure outside of traditional market hours,” Marc Jansen, co-head of trading at Flow Traders, told CoinDesk.
He explained that the OTC liquidity service will help large traders better manage their risk beyond market hours through tokenized stocks and commodities, which are already gaining popularity on places like Binance, OKX, and Hyperliquid.
“Throughout the weekend, these markets moved fairly close to the traditional market opening price as a result of the weekend’s price discovery. OTC liquidity helps support that activity, particularly for larger trades where liquidity in public venues is still developing,” he said.
According to the company, tokenization is growing rapidly and the tokenized gold and silver market alone is approaching $6 billion in value, roughly fourfold from the end of 2024.
“Liquidity providers like Flow Traders play a critical role in ensuring that tokenized assets like XAUT can be traded efficiently everywhere and reach a broader set of market participants,” said Paolo Ardoino, CEO of Tether.
The asset tokenization market is reported to be worth $3 trillion as of this year and is growing at a CAGR of 44.25% and could reach over $18 trillion by 2031, according to some estimates.
This booming market, however, requires more than just enthusiasm; It requires battle-tested expertise, and this is where Flow Traders appears to have an advantage, thanks to its 20 years of experience in market making and liquidity provision for global exchange-traded products.
They trade all asset classes, including ETPs, digital assets, fixed income, currencies and commodities, and rank among the top three global market makers by ETP trading volume in 2025.
“For us, with extensive experience in ETF markets, it is a more familiar problem. We have always priced and managed the risk of products when parts of the primary market are closed. That already requires using models rather than relying purely on underlying market prices and we have built those pricing models over time in our ETF business, and they can be extended to tokenized markets,” Jansen said.
“Our role is to provide liquidity wherever the market develops,” he added.
The new OTC service will expand coverage and evolve, with asset availability guided by demand from institutional counterparties, ongoing regulatory developments and the integration of compatible trading venues.
Product offerings will therefore vary by jurisdiction and depend on customer eligibility, and different members of the Flow Traders group will provide access depending on their respective regulatory statuses.
