Published on February 20, 2026
Watch the video of this panel on Gamma Prime’s YouTube channel:
Keynote talk by Marc Jansen (Co-Chief Trading Officer at Flow Traders)
Markets move towards 24/7, but the real question is who is ready for it? In ETFs, they grew to 19 trillion by standardizing assets and making investments 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, and it’s publicly traded on Euronext under the ticker FLOW. For over 20 years, we did one thing exceptionally well: keeping markets efficient, liquid, and tradable under all conditions.
To showcase our scale, if you would trade a digital asset crypto ETP in Europe, you have over a 50% chance to trade it with us. We’re trading over 3 trillion euros in equity on an annual basis, and in fixed income, FX, commodities, and increasingly in digital assets, we’re trading over 1 trillion euros on an annual basis. Let’s zoom in on digital assets.
We’re active on exchange, OTC, and DeFi, where we price risk continuously, and by doing so, we help institutions access markets safely. Now, why does this matter? The core of tokenization, continuous markets, and instant settlements only works when liquidity is reliable.
Why is tokenization the next chapter? As of now, in real-world assets, about $18.7 billion of assets are deployed. This is tiny if you compare it to ETFs, but the early curve is very similar.
ETFs also started small, and they took off for a simple reason. ETFs made access easier, and they made it easier for investors to invest in them. They standardized rules, and then the institutions joined, and markets scaled rapidly.
These same forces are now accelerating tokenization, and the parallels are striking. Both lower barriers. They simplify what used to be complex.
Both unify fragmented markets, and both rely on transparent and standardized plumbing. Also, the underlying mechanics are similar. In ETFs, you have the creation and redemption mechanism.
In tokens, you have the minting and burning. There are different words for almost the same process. Both make sure that the primary market is in line with the underlying fundamentals.
Tokenization also adds something new to the mix: instant settlement, 24/7 trading, programmability, and interoperability across venues and chains. However, the friction here is the weekends.
