Flowdesk, a Paris-based full-service digital asset trading technology firm, has announced securing $50M (approximately €46M) in a Series B funding round. The round was led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple.
The company plans to use the funds for strategic hires, broadening its over-the-counter (OTC) offering and Market-Making services. Additionally, the investment will support securing regulatory licenses in Singapore and the US, and expanding into key financial hubs.
Flowdesk’s Role in the Digital Asset Market
Flowdesk, recognized as an emerging industry standard for market-making and OTC services, offers sustainable and compliant liquidity solutions for token issuers and institutions. In a landscape marked by regulatory uncertainties and volatility, Flowdesk’s full suite of services aims to revolutionize the market, offering scalable, risk-adjusted, and capital-efficient solutions.
Company’s Growth and Development
Founded in 2020 by Guilhem Chaumont, Paul Bugnot, François Cluzeau, and Balthazar Giraux, Flowdesk is a digital asset service provider registered with the Autorité des marchés financiers (AMF) in France. The company has created a trading system enabling connectivity to more than 60 sites for Bitcoin exchange and provides a wide range of digital assets services, including asset management, brokerage, custody, and market-making.
Market-Making as a Flagship Service
Flowdesk’s flagship service, Market-Making-as-a-Service, addresses the needs of the 10,000 cryptocurrency issuers with significant liquidity issues. By making its technology and traders available, Flowdesk allows these players to manage their cryptocurrency token liquidity with their funds.
Investor Confidence and Support
Investors have shown confidence in Flowdesk’s innovative SaaS model and its impressive performance over the last three years. The company’s execution and achievements since its Series A have been extremely impressive, leading investors to double down and renew their support.
Advancing Digital Asset Trading
This Series B funding round marks a significant advancement in digital asset trading technology. With its innovative approach and strategic expansion plans, the company is well-positioned to lead in the evolving digital asset market.