Flow Traders, one of the world’s top market makers for exchange-traded products, said on Tuesday it will bring decades of TradFi expertise to tokenized assets by launching 24/7 over-the-counter (OTC) liquidity.
The move gives institutional clients a new tool to manage risk and keep money flowing through blockchain versions of popular traditional assets on weekends and after hours when traditional exchanges are closed.
According to a press release shared with CoinDesk, the new products are available through Flow Traders’ digital asset over-the-counter trading platform, providing proprietary two-way pricing for tokenized money market funds, stocks and commodities, including Franklin Templeton’s BENJI and Tether Gold (XAUT).
This means that OTC trading platforms will now be constantly quoting, ready to buy and sell tokenized assets outside of regular traditional market hours. The service is immediately available to licensed counterparties, allowing institutions to access liquidity through direct FIX connections and other standard trading interfaces.
Thomas Spitz, CEO of Flow Traders, said: “Flow Traders has 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 equities and commodities for licensed counterparties through our digital asset OTC platform.”
OTC liquidity is designed to solve a thorny problem faced by institutions: the inability to adjust positions during the weekend or overnight sessions. This has become abundantly clear in recent weeks as tensions between Iran and Israel erupted over the weekend, leaving traditional trading desks deserted and cryptocurrency markets in turmoil.
Demand is primarily coming from institutions who want to be able to manage their exposure outside of traditional market hours,” Marc Jansen, co-chief trading officer at Flow Traders, told CoinDesk.
He explained that the OTC liquidity service will help large traders better manage risk outside of market trading hours by tokenizing stocks and commodities, which are already popular on venues such as Binance, OKX and Hyperliquid.
“Throughout the weekend, these markets were very close to traditional market open prices due to weekend price discovery. OTC liquidity helped support this activity, particularly for larger trades where public venue liquidity is still developing,” he said.
Tokenization is growing rapidly, with the tokenized gold and silver market alone valued at nearly $6 billion, roughly quadrupling since the end of 2024, according to the company.
Paolo Ardoino, CEO of Tether, said: “Liquidity providers like Flow Traders play a key role in ensuring that tokenized assets like XAUT can be traded efficiently across venues and reach a wider range of market participants.”
According to reports, as of this year, the asset tokenization market is worth $3 trillion, with a compound annual growth rate of 44.25%, and according to some estimates, it may exceed $18 trillion by 2031.
However, this booming market requires more than just passion; It requires battle-tested expertise, and this is where Flow Traders excels, thanks to their 20 years of experience in market making and liquidity provision in exchange-traded products globally.
Their business covers asset classes such as ETP, digital assets, fixed income, foreign exchange and commodities, and ranks among the top three market makers in the world based on ETP trading volume in 2025.
“For us, having extensive experience in the ETF market, this is a more familiar problem. We have always priced products and managed risk when parts of the primary market were closed. This has required using models rather than relying purely on underlying market prices, and over time we have built these pricing models in the ETF business and they can be extended to tokenized markets,” Jansen said.
“Our role is to provide liquidity wherever the market develops,” he added.
New OTC services will expand coverage and evolve, with asset availability guided by institutional counterparty demand, ongoing regulatory developments and supported trading venue integrations.
Product offerings will therefore vary across jurisdictions and are subject to customer eligibility, with different members of the Flow Traders group providing access based on their respective regulatory status.