Flow Traders has partnered with Wormhole to enhance cross-chain liquidity and performance. The partnership involves Flow Traders acquiring a stake in the Wormhole Foundation and facilitating multichain swaps through Wormhole's solver network. Michael Lie, Flow Traders' global head of digital assets, emphasized the challenge of fragmentation within multi-blockchain ecosystems, advocating for simplified interoperability. Wormhole's Solvers address cross-chain transfer requests in real-time, allowing complex trades to occur in a single transaction. The details of Flow Traders' investment remain undisclosed, but it aligns with a wider effort to engage institutional markets in cryptocurrency. Flow Traders is a significant market maker for crypto ETFs, having traded around $500 million in crypto assets in Q2 2024. This integration of cross-chain capabilities is expected to drive institutional adoption of tokenized assets. Wormhole is known for its protocol that enables message verification and data transfer among nearly 30 blockchains, including major networks like Ethereum and Solana.

Source 🔗