Flow Traders Targets 2-3% of After-Hours Volume with 24/7 Desk
Global trading firm Flow Traders launched a 24/7 Over-the-Counter (OTC) liquidity service for tokenized assets on March 19, 2026, directly targeting the growing institutional need to manage risk outside of standard market hours. The service provides continuous, two-way pricing for permissioned counterparties, enabling them to trade and hedge exposures to tokenized equities and commodities overnights and weekends. This move addresses a critical gap for institutions, who are often unable to react to major global events that occur when traditional exchanges are closed.
According to Flow Traders CEO Thomas Spitz, activity in tokenized and synthetic versions of some large-cap U.S. stocks has already reached 2–3% of the notional trading volume of their primary listings, with much of this activity occurring after-hours. The new desk aims to capture and support this burgeoning market. "Tokenization has the potential to be one of the next major steps in that evolution," Spitz stated, highlighting the firm's strategy to extend its ETF market-making expertise into the digital asset space.
Tokenized Gold Market Nears $6B as Institutions Seek New Hedges
The initiative provides immediate support for key real-world assets (RWAs) like Franklin Templeton's BENJI money-market fund and Tether's gold-backed token, XAU₮. The tokenized gold and silver market has expanded rapidly, approaching a $6 billion valuation and quadrupling in size since the end of 2024. This growth reflects accelerating investor demand for resilient stores of value that can be traded with the efficiency of digital assets. The broader asset tokenization market is projected to expand from $3 trillion to over $18 trillion by 2031.
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.
— Paolo Ardoino, CEO of Tether.
By offering deep liquidity, Flow Traders aims to strengthen the market structure for these digital instruments. Institutions can access the OTC platform through standard trading interfaces like direct FIX connectivity, allowing for seamless integration with existing workflows to trade tokenized assets against fiat or stablecoins.
