Paris-based digital asset trading technology firm Flowdesk bags €46M: Know more
Summary
The company will use the funds for strategic hires, broadening its over-the-counter (OTC) offering and Market-Making services, securing regulatory licenses in Singapore and the US, and expanding into key financial hubs. “This raise highlights the significance of Flowdesk as the emerging industry standard for market-making and over-the-counter (OTC) services, offering sustainable and compliant liquidity solutions for token issuers and institutions. The announcement comes over a year and a half after raising €28.33M in a fresh round of funding from Eurazeo, Aglae Ventures, ISAI, Speedinvest, Fabric.vc, Ledger, and Coinbase, among others. Founded in 2020 by Guilhem Chaumont, Paul Bugnot, François Cluzeau, and Balthazar Giraux, Flowdesk is a digital asset service provider registered in France with the Autorité des marchés financiers (AMF). Their newly opened US and Canada office, led by Reed Werbitt (ex-Managing Director and Head of Cash Trading at Genesis), has been scaling rapidly over the past few months.