Flowdesk Secures $102 Million to Enhance Digital Asset Operations
Flowdesk has raised $102 million in funding, which includes support from HV Capital and a debt facility from BlackRock-managed funds. The CEO, Guilhem Chaumont, highlighted that this funding will enhance their digital asset trading and liquidity operations.
The key points include:
- Expansion into global markets driven by increasing institutional demand for market-making infrastructure
- Investment to scale the over-the-counter (OTC) derivatives business and establish a crypto credit desk
- Plans to double headcount at the trading firm
- Targeting expansion into the Middle East, particularly the UAE
- Focus on tokenization of assets, including stablecoins and tokenized securities
Existing investors Eurazeo, Cathay Innovation, and ISAI also contributed to this funding round.