Market maker Flodek has launched an institutional credit desk, with its footprint in digital asset markets as traditional finance players want more efficient ways to deploy and reach the capital in Crypto.
Refined institutional counterparts seek liquidity, managing hedge exposure and looking for structured credit products to generate yields at fragmented places. Flowdesk’s new desk fulfills the demand by lending, borrowing and integrating the structured credit in its current OTC and liquidity infrastructure.
“Institutes trading digital assets require more than efficient execution only,” said the Reid Verbit, the CEO of the Flodek and the Chief Revenue Officer. “They need tool to unlock capital and structure strategies with accuracy,” he said.
The new desk integrates loans, lending and structured credits directly into the Flodesk OTC and liquidity services.
This rollouts come two months after expanding the headcut and two months after being raised more than $ 100 million to an over-the-counter (OTC) derivative trading desk.
“Our mission is to provide institutional-grade trading solutions for digital asset ecosystem,” said Floodek co-founder and global CEO Gilhem Chumont in a release.
“The launch of our credit desk has been aligned with our commitment to expanding access to advanced digital assets strategies and a wide range of institutional counterparts for strong risk management,” said Chaomont.
The expansion of the flower comes amidst an increase in American institutional interest in digital assets, and the White House gives the industry a regulator green light.
The trading firm has always been very fast on this story.
In 2023, at the height of the US Securities and Exchange Commission (SEC) war on Crypto, Flodek took a contradictory step to expand its American office, even other people in the industry looked offshore. Choomont said at the time that the size and sophistication of the US capital markets had a risk.
