French Crypto Financial Services Firm Flowdesk Raises $50 Million in Series B Funding
Flowdesk, a French crypto financial services firm, has successfully raised $50 million in a Series B funding round led by Cathay Innovation. The funding round includes participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple.
Expansion of OTC Offerings and Regulatory Coverage
The $50 million funds raised will be utilized to expand Flowdesk’s over-the-counter (OTC) offerings, increase regulatory coverage in Singapore and the United States, and facilitate the expansion of offices in key financial hubs. The company also plans to make key hires to support its growth initiatives.
Strategic Partnerships and Licensing
In addition to being appointed as the liquidity provider for the Grayscale Bitcoin ETF, Flowdesk has partnered with Société Générale FORGE and secured approval as the market maker for the first stablecoin backed by a European-regulated financial institution. The company is actively pursuing licenses in Singapore and the US.
Achieving Industry Standard for Market-Making and OTC Services
Flowdesk aims to become the industry standard for market-making and over-the-counter (OTC) services in the crypto landscape. The company offers sustainable and compliant liquidity solutions for token issuers and institutions, revolutionizing the current landscape with scalable and risk-adjusted solutions.
Hot Take: Flowdesk Raises $50 Million to Fuel Expansion and Enhance Liquidity Solutions
French crypto financial services firm Flowdesk has secured $50 million in a Series B funding round led by Cathay Innovation. This funding will enable Flowdesk to expand its over-the-counter offerings, increase regulatory coverage, and support its growth initiatives. The company’s strategic partnerships and collaborations with regulatory bodies highlight its position as an emerging industry standard for market-making and OTC services. Flowdesk aims to provide sustainable and compliant liquidity solutions for token issuers and institutions, revolutionizing the crypto landscape with scalable and risk-adjusted solutions. This latest funding round further solidifies Flowdesk’s role in shaping the future of financial markets.
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