OSL, a leading digital asset platform in Asia and member of BC Group, has launched its digital asset exchange designed for professional traders. The platform allows use of OSL’s OTC trading, brokerage, intelligent Request for Quote (iRFQ) technology, and insured custody and wallet services.
Users can buy and sell leading digital assets with high market capitalization in exchange for US dollars and select stablecoins. The operator boasts institutional-grade know-your-customer and anti-money laundering standards. The OSL Platform holds digital assets in secure and insured hot and cold wallets which are protected 24/7 by multi-layer hardware and software security protocols. The exchange connects traders to counterparts across markets, with access to deep pools of liquidity provided by the world’s largest market makers. The matching engine is able to process hundreds of thousands of orders per second, with institutional low latency and instant trade settlements.
Wayne Trench, Chief Executive Officer at OSL Exchange, said: “The launch further fortifies the existing strong, client-centric product shelf built under the trusted and successful OSL brand. With the single login feature, we allow our customers to seamlessly trade and interact across our OTC brokerage, exchange and insured custody products to best serve their needs. Clients have one onboarding journey, one login and one banking channel for all products.”
“The OSL Exchange was created with professional counterparts and regulated markets in mind. With unrivaled user experience, asset protection and institutional-level standards of transparency and compliance, we’re in a prime position to service the highest quality participants already in the digital asset marketplace, and to capture capital inflows from the traditional financial services sector”, Trench added.
OSL Exchange provides brokerage and exchange services, software-as-a-service (SaaS), and insured custody solutions to professional investors. It has applied to a license under SFC’s new digital asset framework.
BC Group, its parent company, has recently secured a USD14.2 million investment from Fidelity International as part of a USD36 million (HKD280 million) share placement it completed in late January.
In June, Equities First Holdings has selected OSL for its digital asset custody solutions. In April, PDAX partnered with OSL to provide instiutional-grade digital asset services.
At the end of Q1, BC Group announced that OSL is the group’s largest revenue driver, at 44% of the total. Digital asset revenues have risen by eight times in 2019, according to the same report.