Blog

/

Publicly Traded Company Flow Traders Utilizes Cap via EigenLayer

Publicly Traded Company Flow Traders Utilizes Cap via EigenLayer

Nov 25, 2025

Cap is excited to announce that Flow Traders (Euronext: FLOW), one of the world’s largest liquidity providers, has teamed up with YieldNest to be the first operator-restaker deployment on EigenLayer. With this deployment, Flow Traders will be able to borrow directly from the Cap protocol. Through Cap’s protected private credit marketplace, institutional actors like Flow Traders can now access onchain yield secured by restaked assets and enforced entirely through credible financial guarantees.

A Turning Point For Institutions Coming Onchain

Flow Traders is a publicly traded global liquidity provider headquartered in Amsterdam and has been listed on Euronext Amsterdam (FLOW) since 2015. The firm is one of the largest ETF and ETP market makers in the world, active across equities, fixed income, commodities, and crypto. With billions in daily trading volume, Flow Traders consistently ranks among the top liquidity providers across both traditional and digital asset markets.

Flow Traders’ decision to utilize Cap, marks a turning point in institutional DeFi adoption as it shows that publicly listed companies are now interacting directly onchain with the protocols themselves. By accessing Cap, Flow Traders is demonstrating that onchain credit markets are now a viable option for regulated institutions, validating Cap’s model as a credible mechanism for transparent yield generation.

How It Works

The core of this collaboration illustrates how Cap elegantly facilitates the relationship between restakers, operators, and users all thanks to the power of EigenLayer.

  • Cap provides the infrastructure for self-enforcing yield and capital allocation. Its smart contracts define how capital moves, how risk is underwritten, and how recourse is enforced without the need for any human intervention.

  • EigenLayer enables “restaking,” the process of re-using staked ETH or liquid staking tokens (like Origin Protocol’s OETH) to secure activities. Restakers delegate their stake to trusted operators, who perform specific duties such as in Cap’s case, securing borrower activity. If operators misbehave or defaults occur, restakers can be slashed, ensuring full accountability.

  • YieldNest acts as the restaker in the EigenLayer system, effectively securing Flow Traders’ activity. YieldNest ensures the delegation, monitoring, and performance logic are handled correctly within the EigenLayer framework. For this first instance, the asset that will be used in delegation will be Origin’s OETH.

  • Flow Traders, as the operator in the system, taps into Cap’s capital marketplace to access the USDC underlying the Cap protocol and deploy them into market-making and yield strategies similar to how they would access short-term financing in traditional markets. In return, restakers earn yield for underwriting this onchain credit exposure, while Cap’s rules guarantee transparent and automatic settlement between all sides.

This system transforms what was once a trust-based financial relationship into a programmable credit market where institutional borrowers, capital-sufficient restakers, and autonomous yield protocols operate together for each other’s mutual benefit

A New Era for Onchain Financial Primitives is Here

DeFi has matured beyond experiments. Flow Traders recognizes that Cap enables them to access scalable, protected, and efficient capital, faster than traditional systems can and underscores a longer trend on how Cap is becoming an indispensable tool to TradFi. And with Cap now live on EigenLayer, this ultimately sets the stage for a new era where institutions come onchain in a meaningful manner.

Connect and Learn More

Cap — Website: https://cap.app/

EigenLayer — Website: https://app.eigenlayer.xyz/

Flow Traders — Website: https://www.flowtraders.com/

YieldNest — Website: https://www.yieldnest.finance/

Origin Protocol — Website: https://www.originprotocol.com/