With offices in the United States, Singapore and France Flowdesk, a full-service crypto trading and technology firm, is seeking to set up an office in UAE as part of its MENA expansion plans after closing its $102m financing round. Flowdesk received as well further equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock.
Since its launch in 2020, Flowdesk is a strong liquidity provider in the crypto industry, notably through its Market-Making as a Service offering, serving spot and derivatives markets across over 140 centralized and decentralized exchanges. The company is dedicated to engineering trading technology and liquidity solutions tailored to the needs of a digitally native economy.
Following its global expansion in 2023, the company’s revenues grew by 8x in 2024. The extension will bolster ease of access to digital asset liquidity for ETFs and OTC trading solutions through a single point of contact.
‟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. We are proud to have partnered with such a capable, experienced and smart founder and management team and strongly believe in Flowdesk as global FinTech Champion”, said Alexander Joel-Carbonell, Partner at HV Capital.
Flowdesk has strong expansion plans
Flowdesk has ambitious growth plans for 2025. The funds will be used to scale its OTC derivatives business and launch a dedicated crypto credit desk, broadening its services to meet the evolving needs of the digital asset market.
The company will also invest heavily in its proprietary trading infrastructure and double its headcount, reinforcing its position as a leading liquidity provider and OTC trading firm while accelerating its global expansion.
The company also intends to invest significantly in compliance and legal to support the maturing guidelines from regulators, notably in anticipation of MICA. Finally, the company is set to open additional offices, notably considering UAE as its next outpost in the Middle East.
‟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. ‟Tokenization 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 institutionalized counterparties.”
In 2024, Flowdesk served as a Liquidity Provider for various BTC ETF issuers. Today, all BTC ETF funds hold more than $115 billion worth of the cryptocurrency, according to FactSet. ‟Digital asset ETFs mark a pivotal moment in the evolution of crypto,” said Reed Werbitt, US CEO And Chief Revenue Officer of Flowdesk. ‟These ETFs send a strong signal to institutional investors that digital assets are maturing, paving the way for substantial capital inflows from hedge funds, pension funds, and endowments. We look forward to partnering with institutions entering the space through ETFs or any instruments.”
