Flowdesk Raises $30M to Expand Trading and Market Making-Services

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coindesk
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2 年前


Crypto financial services firm Flowdesk has raised $30 million in a Series A funding round with participation from Coinbase (COIN), Ledger, Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc and a handful of angel investors, the company announced Friday.


France-based Flowdesk plans to use the funding to build out the trading infrastructure for its market making services. The product is used by 60 cryptocurrency exchanges and supports 10,000 cryptocurrency issuers in providing liquidity and managing their own funds.


Guilhem Chaumont, who founded Flowdesk in 2020, told CoinDesk that its product “fully aligns all the interests for brand strategy that is defined with the token issuers directly. They define anything they want to do.”


The company additionally offers digital asset management, brokerage and custody services. According to Chaumont, Flowdesk it obtained registration from French regulator Autorité des Marchés to distribute its latter two services.


Chaumont noted that regulatory compliance is an important part of the company’s products, and that “there is value proposition is not only in its product, but also giving the trust to token issuers that they have someone was working on their their side and that comes with being fully regulated and compliance in all the jurisdiction that we operate”.


Going forward, Chaumont said Flowdesk plans to register operations out of its newly-opened office in Singapore, as well as open offices and register its products in the U.S. Flowdesk also plans to grow its employee count from 35 to 100 by the end of 2022.


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