Flowdesk Raises $30M to Expand Market-Making Services

The French company will boost its flagship product to provide liquidity fund management services to cryptocurrency issuers.

AccessTimeIconJun 24, 2022 at 4:38 p.m. UTC
Updated May 11, 2023 at 5:40 p.m. UTC

French crypto financial services firm Flowdesk raised $30 million in a Series A funding round that was led by Eurazeo, Aglaé Ventures and ISAI and included the participation of Coinbase (COIN), Ledger, Speedinvest, Fabric.vc and a handful of angel investors, the company announced Friday.

Flowdesk plans to use the funding to build out its trading infrastructure for its market-making services. The product connects 60 cryptocurrency exchanges and can support 10,000 cryptocurrency issuers in providing liquidity and managing their own funds.

Guilhem Chaumont, who founded Flowdesk in 2020, told CoinDesk that the company's product “fully aligns the interests between the market-maker and the token issuers as the strategy is defined by the issuer and executed by Flowdesk on its behalf.”

The company also offers digital asset management, brokerage and custody services. Chaumont said that Flowdesk obtained approval from French regulator Autorité des Marchés to offer the brokerage and custody services.

Chaumont noted that regulatory compliance is an important part of the company’s products and that ”the value proposition is not only the product itself but giving back trust to token issuers. Making them aware that they have someone working on their side and that is fully regulated and compliant in all jurisdiction where Flowdesk operates.”

Chaumont said Flowdesk plans to register operations out of its new office in Singapore, and will open offices and register its products in the U.S. Flowdesk also plans to increase the number of its employees to 100 from 35 by the end of 2022.

UPDATE (June 26, 11:43 UTC): Updated headline and modified quotes from Chaumont for greater accuracy.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Cam Thompson is a news reporter at CoinDesk.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.