Flow Traders, a leading global market maker of exchange-traded products, said Tuesday it will bring its decades of TradFi expertise to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity.
The move equips institutional clients with 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, offered through Flow Traders’ digital asset OTC platform, features exclusive, two-way pricing for tokenized money market funds, stocks and commodities, including Franklin Templeton’s BENJI and gold tether (XAUT), according to the press release shared with CoinDesk.
This means that the OTC platform will now constantly quote prices, ready to buy or sell the tokenized assets outside of traditional normal market hours. The service is available immediately to authorized counterparties, with institutions able to access liquidity via direct FIX connectivity and other standard trading interfaces.
“At Flow Traders, we have been operating at the intersection of traditional and digital markets for many years, and we are excited to launch 24/7 OTC liquidity for regulated tokenized stocks and commodities for authorized counterparties through our digital asset OTC platform,” said Thomas Spitz, CEO of Flow Traders.
OTC liquidity aims to solve 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 weekend, leaving traditional trading desks empty while crypto markets churned.
The demand comes primarily from institutions that want to be able to manage their exposure outside of traditional market hours,” Marc Jansen, co-chief commercial officer at Flow Traders, told CoinDesk.
He explained that the OTC liquidity service will help large traders better manage their risks beyond market hours through tokenized stocks and commodities, which are already gaining popularity on platforms such as Binance, OKX and Hyperliquid.
“Throughout the weekend, these markets moved closer to the traditional market opening price as a result of this weekend price discovery. Over-the-counter liquidity helps support this activity, particularly for larger transactions where public venue liquidity 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, approximately four times as much as at the end of 2024.
“Liquidity providers like Flow Traders play a critical role in ensuring that tokenized assets like XAUT can be traded efficiently across venues and reach a broader set of market participants,” said Paolo Ardoino, CEO of Tether.
The asset tokenization market is said to be worth $3 trillion this year and is expected to grow 44.25% and could reach over $18 trillion by 2031, according to some estimates.
This booming market requires more than just enthusiasm, however; this requires proven expertise, and this is where Flow Traders appears to have an advantage, thanks to its 20 years of experience in market making and liquidity provisioning for exchange traded products globally.
They operate across 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, who have extensive experience in ETF markets, this is a more familiar issue. We have always assessed and managed product risk when parts of the primary market are closed. This already requires using models rather than relying solely on underlying market prices and we have built these 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 scale, with asset availability driven by demand from institutional counterparties, ongoing regulatory developments and the integration of supported trading platforms.
Product offerings will therefore vary by jurisdiction and depend on customer eligibility, with different members of the Flow Traders Group providing access based on their respective regulatory statuses.
