Published on January 28, 2026
Watch the video of this keynote talk on Gamma Prime’s YouTube channel:
Keynote talk by Marc Jansen (Co-Chief Trading Officer at Flow Traders)
Good morning, everyone. Like I said, my name is Mark Janssen. I’m the co–chief trading officer at Flow Traders.
It’s great to be here today at the Tokenized Capital Summit. Markets are moving toward 24/7, but the real question is: who is ready for it? ETFs grew to $19 trillion by standardizing assets and making investing simple.
Now imagine adding instant settlement and 24/7 availability to that mix. That’s what tokenization promises, and that’s why we’re here today.
Flow Traders is a global liquidity provider, publicly traded on Euronext under the ticker FLOW. For over 20 years, we’ve done one thing exceptionally well: keeping markets efficient, liquid, and tradable under all conditions.
To showcase our scale, if you trade a digital asset crypto ETP in Europe, there’s over a 50% chance you’re trading with us. We trade over €3 trillion in equities on an annual basis. And across fixed income, FX, commodities, and increasingly digital assets, we trade over €1 trillion annually.
Let’s zoom in on digital assets. We’re active on exchanges, OTC, and DeFi, where we price risk continuously. By doing so, we help institutions access markets safely.
Why does this matter? Because the core of tokenization—continuous markets and instant settlement—only works when liquidity is reliable.
Why is tokenization the next chapter? Today, in real-world assets, about $18.7 billion is deployed. That’s tiny compared to ETFs, but the early curve looks very similar. ETFs also started small, and they took off for a simple reason: they made access easier. They standardized rules, institutions joined, and markets scaled rapidly.
Those same forces are now accelerating tokenization. The parallels are striking. Both lower barriers. Both simplify what used to be complex. Both unify fragmented markets. And both rely on transparent, standardized plumbing.
The underlying mechanics are also similar. In ETFs, you have creation and redemption. In tokens, you have minting and burning. Different words for almost the same process. Both ensure the primary market stays aligned with underlying fundamentals.
Tokenization also adds something new: instant settlement, 24/7 trading, programmability, and interoperability across venues and chains. However, the friction shows up on weekends. Traditional rails pause. Funding windows close. Settlement cycles stop. Yet crypto, as you all know, stays open.
That disconnect is exactly when liquidity providers matter most. If you want equity exposure with instant settlement on a Sunday afternoon, you need continuous pricing, continuous hedging, and continuous liquidity.
Flow Traders is already pricing ETFs globally, continuously. And we’ve been operating for over seven years across centralized exchanges, OTC, and DeFi. That allows us to bridge price discovery between traditional markets and tokenized markets—even when the financial system is sleeping.
In short, tokenization isn’t new to us. It’s a natural extension of what we’ve been doing for two decades.
Let’s zoom in on the use case. Today, there will be an announcement marking a significant development for tokenized markets. Denari is launching 24/7 trading of tokenized U.S. equities, powered by Flow Traders.
Under this partnership, Flow Traders will serve as Denari’s strategic market maker. We will deliver continuous, deep liquidity, including overnight and weekend pricing. We will price in harmony with traditional markets—even when they’re closed—and provide instant settlement across Denari’s multi-chain financial network.
So what does this mean in practice?
First, continuous pricing. When exchanges are closed, we use news, benchmarks, FX, equities, and other correlated assets to establish fair value for every instrument.
Second, cross-asset hedging within Flow Traders. We use our crypto, FX, derivatives, and traditional finance exposures to keep markets orderly at all times—even when exchanges are closed.
Third, on weekends, the traditional banking system can’t yet support continuous trading. But crypto infrastructure can. Tokenized securities can live in a true 24/7 environment, and Flow Traders ensures they trade with the same reliability as traditional markets.
This partnership is a significant step forward in market structure. It brings together the reliability of traditional markets with the speed and availability of digital asset infrastructure. We’re proud to partner with Denari to help make this future real.
To summarize: tokenization is the next ETF moment. It’s not just about putting assets on-chain. It’s about rebuilding market structure for a 24/7 world.
Flow Traders will continue to bring liquidity, technology, and risk discipline to help markets grow—just as we did with ETFs. The next decade of capital markets will be defined by continuous access, programmable assets, and global liquidity layers.
And for the first time ever, markets can operate at the speed the world actually moves.
Thank you very much.
