Flow Traders, a leading publicly-traded trading firm providing liquidity across multiple asset classes, has officially joined Wormhole’s solver network to support the newly launched Composable Intents platform. This strategic collaboration will enhance the speed, liquidity, and cost-effectiveness of multichain token swaps on Wormhole's platform.
What is the Composable Intents platform?
Composable Intents represent a new approach to cross-chain transactions, allowing for fast, secure, and inexpensive token transfers and swaps across multiple blockchains. By utilizing Wormhole Messaging, Composable Intents enables apps to perform complex cross-chain actions in a single unified transaction. This is critical for ensuring that both users and builders experience a seamless, scalable process for everything from transferring assets to performing swaps directly within apps.
Flow Traders will power the Wormhole Liquidity Layer, a composable cross-chain transfer protocol designed to enable faster-than-finality transfers across the Wormhole ecosystem through a novel hub-and-spoke architecture centered on Solana. This architecture allows solvers to facilitate cross-chain transfers by fronting assets on the destination chain and assuming the finality risk of the originating source chain transaction. Solvers, however, concentrate their liquidity entirely on Solana, where they participate in permissionless on-chain English auctions to fulfill each cross-chain transfer.
Flow Traders Joining as a Solver
As a solver on Wormhole’s Composable Intents platform, Flow Traders will leverage its extensive experience in providing liquidity in traditional finance and apply it to the decentralized finance ecosystem. “Solvers” on the Wormhole network compete in real-time to fulfill cross-chain transfer requests, ensuring users get the best rates and most efficient transactions. By joining the solver network, Flow Traders will help increase liquidity availability and execution speed for cross-chain swaps.
This collaboration is another significant milestone for Wormhole as the leading interoperability platform for institutions and systemically important assets. Institutional-grade assets such as Sky (formerly MakerDAO), Securitize (the tokenization platform for firms like BlackRock and KKR), Lido (the world’s largest liquid staking provider), and Agora’s AUSD stablecoin have all selected Wormhole’s Native Token Transfer (NTT) framework for secure, fast, native, and scalable multichain transfers. Flow Traders brings deep expertise in market making and liquidity provisioning, which will enhance the functionality of Wormhole’s Composable Intents platform, particularly in larger transactions and complex, multichain financial workflows. Their participation helps ensure the system can cater to institutional-grade liquidity needs while remaining fast, efficient, and cost-effective for a wide range of users.
What’s Next?
Flow Traders’ new contribution to Wormhole comes shortly after the launch of Wormhole Institutional, which addresses growing institutional demand for interoperable blockchain solutions in capital markets use cases. By joining the solver network, Flow Traders joins the likes of Google Cloud and AMD in contributing technology to bolster the Wormhole platform. Flow Traders, Wormhole, and the other providers will continue to unite onchain liquidity and build the multichain financial system.
Use Composable Intents in DeFi
Whether you’re a user wanting to simply transfer assets cheaply and quickly across chains, or a builder wanting to enable in-app cross-chain swaps - utilize Composable Intents today.
Check out the new token transfer and cross-chain swap functionality at portalbridge.com and explore integrating the Wormhole Connect widget or Mayan’s swap SDK.
About Flow Traders
Flow Traders is a leading trading firm providing liquidity in multiple asset classes, covering all major exchanges. Founded in 2004, Flow Traders is a leading global ETP market marker and has leveraged its expertise in trading ETPs to expand into fixed income, commodities, digital assets and FX. Flow Traders’ role in financial markets is to ensure the availability of liquidity and enable investors to continue to buy or sell financial instruments under all market circumstances, thereby ensuring markets remain resilient and continue to function in an orderly manner. In addition to its trading activities, Flow Traders has established a strategic investment unit focused on fostering market innovation and aligned with our mission to bring greater transparency and efficiency to the financial ecosystem. With nearly two decades of experience, we have built a team of over 600 talented professionals, located globally, contributing to the firm's entrepreneurial culture and delivering the company's mission.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.
About Wormhole Foundation
The Wormhole Foundation is the steward of Wormhole—the world's first generalized messaging protocol. Our mission is to empower passionate people in researching and developing blockchain interoperability technologies. Through grants, research, and ecosystem programs, we seek to enable teams to build secure, open-source, and decentralized products within the Wormhole ecosystem.