Crypto market maker Flowdesk completes $102 million in financing

Flowdesk, a cryptocurrency trading company based in France, has completed a $102 million financing, with about 90% in equity financing and 10% (about $10.2 million) in debt financing. Guilhem Chaumont, co-founder and global CEO of Flowdesk, said that this round of financing will support the company's expansion plans, including launching a dedicated cryptocurrency lending service platform and opening an office in the United Arab Emirates. European investment firm HV Capital led the equity portion, with participation from French private equity companies Eurazeo, Cathay Innovation, and ISAI VC. The debt financing came from funds and accounts managed by BlackRock. As part of the investment, HV Capital has obtained a seat on Flowdesk's board of directors.

Comments

All Comments

Recommended for you

Martin Young ·

MSCI’s crypto treasury rules could spur $15B of forced selling

Analysts estimated that crypto treasury firms face up to $11.6 billion in outflows if MSCI excluded them from its indexes.
Stephen Katte ·

US Fed pulls guidance blocking its banks from engaging with crypto

The Federal Reserve says it has withdrawn its old guidance around crypto as it was outdated, and its understanding has evolved.
BRAYDEN LINDREA ·

Ethereum could get faster in January with gas limit rise to 80M

Ethereum could see another rise in transaction speed in January, with developers considering raising the gas limit to 80 million after the next blob parameter-only hard fork.
Stephen Katte ·

Ethereum needs simple explanation to see true trustlessness: Buterin

Vitalik Buterin says Ethereum needs to boost the number of people who can understand the entire blockchain, and it can “get better at this by making the protocol simpler.”
Martin Young ·

Lightning Network hits record capacity on crypto exchange adoption

Lightning Network’s capacity reached an all-time high as exchanges increased adoption, while a new Taproot Assets update has enabled multi-asset transactions.
Zixi.eth ·

Nivex Launches U.S. Stock Trading, Taking a Key Step Toward a Multi-Asset On-Chain Trading Platform
Zixi.eth ·

When “Expanding Domestic Demand” Becomes a Long-Term Strategy, What Is BeFlow Doing?
ETHGAS completes $12 million token funding round

according to THE BLOCK, ETHGAS has completed a $12 million token financing, while launching an Ethereum Blockspace futures market and committing to provide $800 million in liquidity.
Zixi.eth ·

RWA Takes Off: When Consumer Behavior Becomes an On-Chain Asset — BeFlow’s Practical RWA Approach to Consumption
Visa begins supporting US financial institutions to settle transactions using USDC on Solana.

Visa has started supporting U.S. financial institutions to use USDC on Solana for transaction settlements. Cross River Bank and Lead Bank are the first institutions to use this service. As a partner of the Circle Arc blockchain, Visa will also provide support after Arc goes live.