OSL DS goes live in first virtual asset trades in Hong Kong

The OSL platform allows users to trade digital assets, such as Bitcoin and Ethereum.

OSL Digital Securities Limited (OSL DS) has officially gone live after executing the first regulated virtual asset trades in Hong Kong.

The company uses a platform with a modular interface, where institutional and professional investors can buy, sell and securely store digital assets. This could be Bitcoin, Ethereum and selected Security Tokens.

“With today’s trades, we break new ground for financial services in Asia,” said OSL Chief Executive Officer Wayne Trench.

“Trading and storing digital assets like Bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator — a major milestone in the ongoing institutional adoption of digital assets globally,” he added.

OSL DS is the first and only Securities and Futures Commission-lincensed, listed and Big-Four-audited platform in the world. It presently holds a Type 1 (dealing in securities) license and a Type 7 (automated trading services) license. It is also a member of the BC Technology Group. 

The single platform login and central dashboard will allow customers to use OSL’s market-leading electronic and OTC trading, intelligent Request for Quote (iRFQ) technology and an industry leading institutional-grade Exchange.

It also grants exclusive access to segregated banking and segregated, insured wallers services. OSL noted it is compliant with anti-money laundering and market surveillane standards.

Further, the OSL Exchange connects traders to their counterparts across markets. It also has a one-click trading function through an easy user interface.

“In the near term, we are very pleased by the significant appetite we are seeing from clients who recognize the criticality of trading with a safe, reliable and licensed platform,” Trench also said.