A specialist trading platform has launched a new unit in the Americas, and it could embolden institutions to gain exposure to digital assets.
A digital assets platform has launched an Americas unit as part of its global expansion.
OSL says the move is in response to growing institutional and corporate demand for digital assets.
Led by Fernando Martínez, OSL Americas delivers prime brokerage — including electronic and over-the-counter execution as well as coin borrowing and lending. It is also set to serve as a regional hub for engagement with the company’s software-as-a-service partners. In time, access will be offered to the platform’s institutional-grade exchange.
OSL’s CEO, Wayne Trench, said: “OSL’s combination of experienced traders, deep global relationships and advanced technology allow its prime brokerage to match large institutional blocks across major digital assets. The appetite for digital assets across the Americas is rapidly growing and the timing of our launch coincides nicely to meet this demand.”
The company says that it provides unparalleled market liquidity, all while ensuring that orders are performed without price slippage. All of this helps deliver “seamless, secure transactions with near instant settlement.”
In recent years, the Americas have become home to a thriving community of cryptocurrency users, some of whom are trying to sidestep issues including hyperinflation.
Martínez said he is “excited about the prospects for further development and business growth,” and described growing demand from clients as recognition of how critical it is to trade with a safe, reliable partner.
“OSL prides itself on being fully compliant with stringent Know Your Customer, anti-money laundering and market surveillance standards — all attributes that our institutional customer base expects when selecting a digital asset partner,” he added.
In other developments, OSL and Standard Chartered recently unveiled a partnership that’s designed to launch a digital asset brokerage and exchange business focused on markets in the U.K. and Europe.
The launch of OSL’s suite of products could embolden institutions who are interested in cryptocurrencies to start gaining exposure, especially those who have been reluctant to enter the space because of a lack of regulatory oversight. A contact form has been established for those who are interested in using its services.