Funding Round attributes
Flowdesk, a digital asset trading and technology firm based in New York, has announced the successful closing of a $102 million financing round. The round includes equity financing led by HV Capital, with additional support from existing investors such as Eurazeo, Cathay Innovation, and ISAI, as well as a debt facility from funds and accounts managed by BlackRock. This significant investment will enable Flowdesk to further expand its operations globally and accelerate the development of its liquidity provision and OTC (over-the-counter) trading services.
Founded in 2020, Flowdesk has rapidly established itself as a leading player in the digital asset space, providing liquidity solutions for both spot and derivatives markets across more than 140 centralized and decentralized exchanges. The company’s flagship service, Market-Making as a Service, has enabled it to support the fast-growing digital asset market with enhanced liquidity and efficiency. Flowdesk’s growth trajectory has been remarkable, with the company’s revenues growing by eight times in 2024.
The funding will be strategically allocated to expand Flowdesk's operations and accelerate its product offerings. A major initiative will be the scaling of its OTC derivatives business, complemented by the launch of a dedicated crypto credit desk. This expansion will enable Flowdesk to meet the increasing demands of the digital asset market, which is becoming more complex and diverse. Additionally, the company plans to invest heavily in its proprietary trading infrastructure, enhancing the tools and technologies required to provide real-time liquidity solutions and improve market efficiency.
In his statement, Flowdesk CEO Guilhem Chaumont expressed excitement about the company’s ambitious growth plans. He highlighted the potential of tokenization to transform global capital markets and emphasized the importance of continuing to develop institutional-grade trading solutions. Chaumont acknowledged the value of the investment and the partnership with HV Capital, noting that it would enable Flowdesk to broaden its offering and support a wider range of institutional counterparties in the evolving digital asset ecosystem.
In addition to expanding its business operations, Flowdesk intends to strengthen its compliance and legal infrastructure to align with maturing regulatory frameworks, including upcoming regulations such as MICA. The company is also set to increase its global presence, with particular focus on expanding in markets like the UAE.
Reed Werbitt, US CEO and Chief Revenue Officer of Flowdesk, discussed the importance of digital asset ETFs (Exchange Traded Funds) as a critical milestone in the maturation of the cryptocurrency market. With Flowdesk’s involvement as a liquidity provider for multiple BTC ETF issuers, the company plays a pivotal role in enabling institutional investors to access the growing digital asset market. Werbitt emphasized that the development of digital asset ETFs sends a strong signal to the broader financial market that digital assets are becoming more established and attractive to institutional investors.
This financing round underscores Flowdesk's position as a prominent liquidity provider in the digital asset sector. The capital raised will help the company continue its expansion, support the growing demand for digital asset liquidity, and provide solutions to meet the needs of institutional clients. Flowdesk’s commitment to innovation and market efficiency positions it well for the future of the rapidly evolving digital asset market.
