Flow Traders launches 24/7 OTC liquidity for tokenized assets

Flow Traders Ltd. has launched a digital assets over-the-counter (OTC) offering that provides institutional counterparties with 24/7, two-way liquidity for tokenized money-market funds, equities, and commodities. The platform includes instruments such as Franklin Templeton’s BENJI and Tether Gold, among others, addressing growing demand for reliable access to tokenized assets outside standard trading hours.

The launch comes as tokenized assets increasingly serve a practical institutional use case. As market participants seek to manage exposure beyond traditional sessions, secondary-market activity in tokenized equities and commodities has expanded across extended hours, including overnight and weekend trading. This trend highlights the need for continuous liquidity and execution frameworks to support global equity and commodity risk management.

Institutional 24/7 access for tokenized assets

Flow Traders CEO Thomas Spitz emphasized that tokenization represents a new evolution in market structure. “Over the past two decades, evolving market structures, from ETFs to electronic trading, have transformed how investors access exposure. Tokenization has the potential to be one of the next major steps in that evolution. We are already seeing early signs of this shift, with tokenized equities and synthetic equity derivatives trading with meaningful volumes,” Spitz said.

He added that some large-cap U.S. stocks have seen trading volumes in tokenized and synthetic markets reaching roughly 2–3% of their primary U.S. listings, much of it occurring outside standard market hours. Flow Traders’ new platform offers 24/7 OTC liquidity for tokenized money-market funds, equities, and commodities, allowing counterparties to trade and hedge exposures across global sessions.

Risk-controlled liquidity for OTC trading

The Digital Asset OTC offering provides two-way pricing supported by risk controls designed for overnight and weekend trading conditions. Counterparties can hedge tokenized equity and commodity positions against fiat currencies or stablecoins while following familiar OTC workflows and defined settlement processes.

Paolo Ardoino, CEO of Tether, highlighted the importance of liquidity for tokenized commodities. “Demand for gold, both in traditional markets and on-chain, has accelerated as investors look for resilient stores of value in a more uncertain macro environment. Liquidity providers such as Flow Traders play a critical role in ensuring that tokenized assets like XAU₮ can trade efficiently across venues and reach a broader set of market participants,” Ardoino said.

Supporting XAU₮ across multiple exchanges and via an OTC desk helps strengthen market infrastructure for digital representations of physical gold, he added.

Institutional-grade access through multiple connectivity options

The offering is delivered via Flow Traders’ Digital Asset OTC platform in collaboration with leading digital asset issuers and infrastructure providers. Institutional clients can access liquidity through direct FIX connectivity, OMS/EMS platforms, ECNs, or high-touch OTC execution.

Flow Traders intends to evolve asset coverage according to counterparty demand, regulatory considerations, and supported venues. Product availability may vary by jurisdiction and counterparty eligibility, and may be offered by different members of the Flow Traders group depending on regulatory status.