Flow Traders, one of the world’s leading market makers for exchange-traded products, announced Tuesday that it will bring decades of TradFi expertise to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity.
The move will give institutional clients new tools to manage risk and keep capital flowing through blockchain versions of popular traditional assets when traditional exchanges are dark on weekends and after hours.
According to a press release shared with CoinDesk, the new service, offered through Flow Traders’ digital asset OTC platform, will offer unique interactive pricing for tokenized money market funds, stocks, and instruments, including Franklin Templeton’s BENJI and Tether Gold (XAUT).
This means that OTC platforms will always quote prices and allow you to buy and sell tokenized assets even outside of traditional regular market hours. The service is immediately available to authorized counterparties, allowing financial institutions to access liquidity through direct FIX connections and other standard trading interfaces.
“At Flow Traders, we have been operating at the intersection of traditional and digital markets for many years. We are pleased to launch 24/7 OTC liquidity for regulated tokenized stocks and commodities for authorized trading partners through our Digital Assets OTC Platform,” said Thomas Spitz, CEO of Flow Traders.
OTC liquidity is intended to address the vexing problem for financial institutions of not being able to adjust positions during weekend or overnight trading. This has become brutally clear in recent weeks, as tensions between Iran and Israel escalated over the weekend, disrupting crypto markets while leaving traditional trading desks empty.
This demand primarily comes from financial institutions that require the ability to manage their exposure outside of traditional market hours,” Mark Jansen, co-chief trading officer at Flow Traders, told CoinDesk.
He explained that OTC liquidity services can help large traders better manage risk outside market hours through tokenized stocks and products, which are already becoming popular on sites like Binance, OKX, and Hyperliquid.
“Throughout the weekend, these markets have moved much closer to traditional market opening prices as a result of weekend price discovery. Over-the-counter liquidity will help support that activity, particularly in large trades where public venue liquidity has not yet developed,” he said.
According to the company, tokenization is growing rapidly, with the tokenized gold and silver market alone approaching $6 billion in value, a nearly quadrupling since the end of 2024.
“Liquidity providers such as Flow Trader play a critical role in ensuring that tokenized assets like XAUT can be traded efficiently across venues and reach a broader range of market participants,” said Paolo Ardoino, CEO of Tether.
The asset tokenization market is reportedly worth $3 trillion as of this year, is growing at a CAGR of 44.25%, and could exceed $18 trillion by 2031, according to some estimates.
But this fast-growing market requires more than just enthusiasm. That requires seasoned expertise, and Flow Traders appears to have an advantage in this regard thanks to its 20 years of experience in market making and liquidity provision for exchange-traded products globally.
The company operates across asset classes such as ETPs, digital assets, fixed income, FX, and commodities, and ranks among the top three global market makers in terms of ETP trading volume in 2025.
“This is an issue that is more familiar to us as we have extensive experience in the ETF market. We have always priced products and managed risk when parts of the primary market are closed. This already requires us to use models rather than relying solely on the underlying market price, and we have spent time building these pricing models in our ETF business, which can be extended to the tokenization market as well,” Jansen said.
“Our role is to provide liquidity wherever markets develop,” he added.
The new OTC service will guide asset availability, expand coverage, and evolve based on institutional demand, ongoing regulatory developments, and the consolidation of supported trading venues.
Our product offerings therefore vary by jurisdiction and depend on customer eligibility, with different members of the Flow Traders group providing access based on their respective regulatory status.
