Leading digital asset trading firm acquires Swiss flovtec

STS Digital, a digital asset trading firm specializing in over-the-counter (OTC) trading and market making, is pleased to announce the acquisition of flovtec, a Swiss-based digital assets market maker. flovtec is renowned for its innovative approach to liquidity provision in the digital asset markets, offering sophisticated algorithmic trading strategies and liquidity management solutions. The firm has established a strong reputation for providing bespoke liquidity and efficient market making services since 2018 across a diverse range of digital assets.

The acquisition of flovtec will enable STS to significantly accelerate its market making services, offering deeper liquidity and tighter spreads to flovtec's established clientele, underscoring the strategic benefits of this acquisition.

Flovtec's advanced trading infrastructure and proprietary algorithms will be integrated into STS’s existing platform, bolstering its technological edge in the competitive digital assets marketplace. This integration will facilitate the development of new and innovative trading products and services.

With flovtec's strong presence and regulation in Switzerland, STS will extend its geographic reach in the European market. This expansion aligns with STS’s strategy to become a global leader in digital asset trading and market making.

STS Digital, which is licensed and regulated by the Bermuda Monetary Authority, is a leading digital asset trading firm specializing in OTC trading and market making. The firm provides a range of digital asset services, including market making, custody, spot, structured products and derivatives trading in a wide range of digital assets.

Nicolas Grawe, CEO of flovtec, stated: "Joining forces with STS Digital is an exciting opportunity for flovtec. Our combined strengths will allow us to better serve our clients and support the growth of the digital asset market. We look forward to integrating our teams and leveraging our collective expertise to achieve new heights."

Gideon Hyams, Co-founder and Co-CEO of STS Digital, commented: "We are thrilled to welcome flovtec into the STS Digital family. This acquisition underscores our commitment to providing unparalleled market making services and a full suite of OTC services for our clients. It comes at a time when STS is growing at a rapid pace and an expansion of our team is needed to meet increasing client demand. flovtec's expertise will be invaluable as we continue to innovate and expand our offerings."

(Press release / SK)