Flow Traders Capital is equipped with over $50m and will invest in digital asset and financial infrastructure technology for its market maker parent.
Flow Traders, the Netherlands-listed operator of a technology-equipped liquidity provision service for the capital markets, launched a €50m ($50.8m) corporate venturing unit this morning to invest in financial and data technologies.
Founded in 2004, Flow Traders utilises advanced technology to quote bid and ask prices across a range of financial products, with exchange-traded products a speciality.
Flow Traders Capital will concentrate on products capable of enhancing digital assets and financial infrastructure, especially in data, platform and connectivity technology. It is expected to seek out emerging technologies, trends and business models that could benefit its parent company in addition to making financial returns.
Although the unit has only been announced today, Flow Traders had already been active in the market having backed companies including decentralised finance technology producer BloXroute Labs and market access provider Elwood Technologies. Another portfolio company, designated contract market ErisX, was bought by Cboe Global Markets…
