Tokenized Assets Trading Moves Beyond Market Hours as Flow Traders Opens 24/7 OTC Desk

Flow Traders has launched a 24/7 OTC liquidity service for tokenized assets, giving institutional counterparties a way to trade tokenized money-market funds, equities and commodities outside traditional market hours. The new desk covers instruments including Franklin Templeton’s BENJI and Tether Gold, and is aimed at a market where tokenized real-world assets are scaling fast and increasingly need overnight and weekend execution.

For finance professionals, the significance is not the product launch alone. It is the market structure signal behind it: tokenized assets are starting to demand the same continuous liquidity expectations that crypto markets normalized years ago, while increasingly referencing regulated financial products and familiar institutional workflows.

What changes for institutions trading tokenized assets?

Institutions now have a dedicated OTC channel to source two-way prices around the clock for selected tokenized money-market funds, equities and commodities, using fiat or stablecoins and connecting through FIX, OMS/EMS platforms, ECNs or high-touch execution. According to Flow Traders, the service is available for permissioned counterparties through its Digital Asset OTC platform, with product access varying by jurisdiction and eligibility.

That matters because tokenized exposure does not stop moving when primary exchanges close. Treasury-backed funds accrue yield continuously, gold reacts to macro shocks in Asia and the Middle East before U.S. cash markets open, and tokenized equity proxies increasingly trade across overnight and weekend windows. In that environment, a 9-to-5 liquidity model becomes a constraint rather than a safeguard.

Why does 24/7 liquidity matter now?

The timing aligns with rapid growth in tokenized real-world assets. On-chain RWA value excluding stablecoins has exceeded $25 billion, up from roughly $6.4 billion a year earlier, according to RWA.xyz data cited by CoinDesk. That expansion has turned tokenization from a pilot narrative into an infrastructure question: who prices risk when legacy venues are closed?

Flow Traders is positioning its new OTC offering as one answer to that question. The firm argues that activity in tokenized and synthetic equity markets is already large enough to create real hedging needs beyond regular U.S. trading hours. Even if those volumes remain small relative to primary listings, they are becoming large enough to require more formal execution and settlement rails.

Which assets are included in the initial rollout?

The launch names Franklin Templeton’s BENJI and Tether Gold among the covered instruments. Franklin describes BENJI as the tokenized access layer for the Franklin OnChain U.S. Government Money Fund, which it calls the first U.S.-registered money market fund offered on-chain.

That combination is notable. A tokenized money-market fund addresses cash management and collateral efficiency, while tokenized gold serves investors seeking a liquid store-of-value instrument during macro volatility. Paolo Ardoino, CEO of Tether, framed the latter as a liquidity and distribution issue, arguing that broader OTC and venue support can strengthen secondary-market access for digital claims on physical gold.

Is this a tokenization milestone or just a niche execution upgrade?

It is more of a market plumbing milestone than a mass-adoption moment. Flow Traders is not opening tokenized assets to the entire market; it is extending institutional execution capacity for eligible counterparties already active in digital asset and cross-venue trading environments. That is a narrower claim, but also a more credible one.

The deeper takeaway is that tokenization is advancing where it solves operational frictions first. In this case, the friction is not issuance. It is after-hours liquidity, hedging, and settlement discipline. The firms that win in this phase are less likely to be the loudest issuers and more likely to be the groups that can connect traditional risk management with always-on trading behavior.

What does this mean for market structure in 2026?

For readers in capital markets, treasury, custody and digital asset infrastructure, this launch points to a familiar pattern: product innovation is being followed by secondary-market normalization. ETFs needed market makers. Electronic trading needed execution standards. Tokenized RWAs now need dependable liquidity provision across fragmented venues and non-stop trading cycles.

That does not remove the hard questions. Jurisdiction-specific eligibility, settlement finality, counterparty onboarding, and the treatment of tokenized equity exposure under local securities rules remain unresolved in many markets. Flow Traders itself notes that product availability may differ by entity, jurisdiction and regulatory status.

Still, the direction is clear. As tokenized treasuries, funds and commodities grow, institutions will increasingly expect execution frameworks that behave less like transfer agents and more like global markets infrastructure.

Why This Matters to FinanceX Readers

This is a useful signal for investors, market infrastructure providers and treasury teams tracking tokenization’s shift from concept to execution. The real story is not that another firm supports tokenized assets, but that institutional trading desks are starting to build for weekend, overnight and cross-session liquidity in products tied to treasuries, equities and commodities.