Market maker for digital assets
The digital asset space is growing rapidly, with more than USD 8 trillion worth of assets that will be stored on the blockchain by 2027. Liquidity is the missing piece of the digital asset ecosystem and is highly needed to reduce transaction costs and achieve price stability. Flovtec is a technology company providing market-making solutions to digital asset exchanges and token issuers to create a liquid and efficient market. Currently, most of the digital assets on the blockchain are not tradable due to lack of liquidity, which is why liquidity will play a crucial role in expanding the digital assets field further. The team is based in Zug, Switzerland and successfully closed a seed round in 2020 of CHF 4.5 million.