Flowdesk, a France-based digital asset trading and technology firm, has secured US$102 million in funding, with support from HV Capital and debt financing from funds and accounts managed by BlackRock.
The investment will support Flowdesk’s expansion in OTC derivatives, the launch of a crypto credit desk, and enhanced compliance efforts ahead of MiCA regulations.
Founded in 2020, Flowdesk has become a key liquidity provider in the cryptocurrency sector through its Market-Making as a Service model.
The company operates in both spot and derivatives markets across over 140 centralised and decentralised exchanges.
Following its global expansion in 2023, Flowdesk reported an eightfold increase in revenue in 2024.
The latest funding will support the company’s efforts to improve access to digital asset liquidity for exchange-traded funds (ETFs) and over-the-counter (OTC) trading solutions.
Alexander Joel-Carbonell, Partner at HV Capital, said:
“Guilhem and the entire Flowdesk team have done a tremendous job in creating a hyper-growing, profitable FinTech powerhouse within the vastly expanding digital asset space. Offering their clients the relevant infrastructure while complementarily adding OTC products and proprietary trading is incredibly smart.”
Flowdesk plans to use the new funding to scale its OTC derivatives business and establish a dedicated crypto credit desk.
It will also invest in its proprietary trading infrastructure, expand its workforce, and continue its global expansion.
The company intends to strengthen its compliance and legal teams in anticipation of regulatory developments, particularly under the Markets in Crypto-Assets (MiCA) framework.
Additionally, Flowdesk is considering opening an office in the UAE as part of its Middle East expansion.
“Our mission is to build institutional-grade trading solutions for the digital asset ecosystem. We are grateful to have partners and our existing investors backing our ambitious growth plans,”
said Guilhem Chaumont, Global CEO of Flowdesk.
“Tokenisation has the potential to transform capital markets on a global scale. This partnership will allow us to continue pursuing our quest to make digital assets accessible to a wider range of institutionalised counterparties.”
In 2024, Flowdesk served as a liquidity provider for several Bitcoin ETF issuers.
Featured image credit: edited from freepik
