Amsterdam-based trading firm Flow Traders has launched a 24/7 over-the-counter liquidity service for tokenized assets, the company said on Thursday.
The desk offers continuous two-way pricing on tokenized money-market funds, equities and commodities. Franklin Templeton’s BENJI and Tether Gold are among the initial instruments covered.
Counterparties can trade and hedge tokenised equity and commodity exposure against fiat or stablecoins. Access is available via direct FIX connectivity, OMS/EMS platforms, ECNs or high-touch OTC execution.
Flow Traders said secondary-market activity in tokenised equities and commodities had expanded into overnight and weekend sessions, creating demand for continuous liquidity.
Spitz frames tokenization as next step after ETFs
Flow Traders CEO Thomas Spitz said the firm was already seeing “meaningful volumes” in tokenised equities and synthetic equity derivatives.
“In some large-cap U.S. stocks, activity across tokenized and synthetic markets has at times reached around 2–3% of the notional trading volume of their primary U.S. listings,” Spitz said. “Much of this activity takes place outside traditional U.S. market hours.”
The launch fits a broader strategic shift at Flow Traders, which was founded in 2004 and built its reputation as an ETP liquidity provider. Spitz had already been describing tokenisation as the firm’s next “ETP moment” in interviews with ETF Stream.
Asset coverage will expand based on counterparty demand and regulatory considerations. Product availability may vary by jurisdiction and counterparty eligibility.
