Flowdesk raises $102 million to expand its trading and liquidity business

According to CoinDesk, digital asset trading company Flowdesk has raised $102 million in funding, supported by funds managed by HV Capital and BlackRock. The company plans to use funds to expand its over-the-counter derivatives business, launch a cryptocurrency credit department, and double the number of employees. In addition, Flowdesk plans to expand into the Middle East market, with the United Arab Emirates potentially becoming the next operational center. Flowdesk will also focus on asset tokenization, expanding liquidity solutions for stablecoins, tokenized securities, and money market funds. Existing investors Eurazeo, Cathay Innovation, and ISAI also participated in this round of financing.