OSL Institutional Monthly Recap | November 2025
November delivered another defining month for institutional digital asset growth across Hong Kong and APAC. Global liquidity conditions shifted as stablecoins continued to dominate market flows, tokenized funds gained stronger traction, and regulatory clarity across Asia accelerated institutional participation.
Against this backdrop, OSL advanced several market-building initiatives, strengthening the regulated rails that institutions rely on: custody, execution, tokenization, and cross-border interoperability. Below is a consolidated view of what we achieved this month, and what lies ahead.
Institutional Product Highlights
CustodyZero: Expanding Access to Regulated Digital Asset Infrastructure
As institutional inflows shifted toward regulated venues and insured custodians, OSL launched CustodyZero, an initiative designed to lower the barrier to institutional-grade digital asset custody. From now until 30 June 2026, qualified family offices, fund managers, and corporate treasuries can onboard with:
0% custody fees for up to 6 months
SOC 2 Type II audited controls
Hong Kong SFC-licensed operations
USD 1 billion insurance coverage, the strongest protection among regulated custodians
In a market where governance and operational resilience matter more than ever, CustodyZero enables institutions to experience the same auditability, reporting standards, and asset protection used in traditional finance.
Get started: https://www.osl.com/hk/custody?channel=PPXtZS
New HKD & USD Trading Pairs Live on OSL Pro Trading
Hong Kong's market structure deepened significantly this month as OSL rolled out five new fiat trading pairs on its SFC-licensed "Pro Trading" platform:
BTC/HKD · ETH/HKD · SOL/HKD · USDT/HKD · USDT/USD
This marks the first time HKD spot pairs for BTC, ETH, and SOL are offered on our orderbook interface — key step forward for Hong Kong's multi-currency digital asset ecosystem.
These new pairs provide:
Expanded fiat on/off-ramp pathways
Deeper liquidity for institutional execution
Broader settlement flexibility
Full support for deposit, withdrawal, and trading
USDT/HKD and USDT/USD remain available exclusively for professional investors.
More details: https://lnkd.in/eDEW2Ntx
Start trading: https://lnkd.in/efsMGgt3
Flash Trade Upgrade: Faster, More Precise Institutional Execution
This month's release delivers a smoother, more efficient trading experience tailored for institutional and active traders:
Percentage-Based Order Entry Execute trades using a % of holdings — eliminating manual calculations.
Enhanced Quantity & Price Precision Greater accuracy enables tighter control over order sizing, improving capital efficiency.
Explore Flash Trade: https://www.osl.com/hk/flash?channel=PPXtZS
Events & Institutional Engagements
November marked one of OSL's most active months in outward institutional leadership, reflecting rising demand for regulated market infrastructure across stablecoins, tokenization, and digital asset execution.
Hong Kong FinTech Summit & Sinohope Panel Discussion
CCO Eugene Cheung joined leaders from 新火科技 Sinohope, Avenir Group, and Metalpha to discuss "Avoiding the Black Swan: The Future of Institutional Liquidity and Digital Asset Exchanges."
Key perspectives shared:
Institutional liquidity is shifting toward transparent, audited, and insured venues.
Governance and operational resilience now outweigh "speed at all costs."
The future digital asset exchange is one built on trust, compliance, and accountability.
We remain committed to building a trusted, compliant, and institutional-grade digital asset platform — setting the benchmark for transparency and security in the evolving digital finance landscape.
Fireside Chat with Lily Liu at Finternet 2025
At Finternet 2025, Eugene hosted a fireside chat with Lily Liu, President of Solana Foundation, focusing on how Solana's infrastructure is shaping the next phase of high-performance finance.Highlights:
Blockchain is becoming core financial infrastructure, not an experimental add-on.
Solana's long-term roadmap emphasizes payments, trading efficiency, and asset-neutral networks.
Tokenized IPOs and on-chain capital markets will unlock broader distribution and participation.
AlloyX Salon — Compliant Trading & Stablecoin Ecosystem
OSL BD Director Yuki Zhang spoke on the next phase of stablecoin growth.Key focus: Stablecoins now sit at the center of digital market liquidity. As adoption scales, infrastructure must be:
Fully compliant
Institutional-grade
Built to support both settlement and yield strategies
OSL continues to power this evolution as one of the region's most trusted stablecoin trading and custody venues.
J.P. Morgan NBFI Leaders Forum — Stablecoins & Tokenization Across Asia
Eugene joined leaders from J.P. Morgan, Geoswift, and the Association of Fund Administrators to discuss Asia's growing digital asset regulatory convergence. Key Takeaways:
Hong Kong's regulatory clarity — from the HKMA Stablecoin Ordinance to the SFC's VASP regime — is accelerating institutional adoption. Stablecoins now make up 50%+ of OSL's volumes.
APAC is converging fast. Singapore, Japan, Australia, and South Korea are building more harmonized, institution-friendly frameworks, strengthening the foundation for tokenized RWAs.
The next wave is coming: Fintech 2030, LEAP sandbox, e-HKD pilots, and enhanced custody & stablecoin licensing will push tokenization into mainstream use.
OSL remains committed to building the regulated rails that institutions rely on to operate with confidence in this new financial era.
Singapore FinTech Festival — MetaComp x OSL: SG–HK Connect
OSL is proud to join MetaComp in advancing the Singapore–Hong Kong Connect initiative at Singapore FinTech Festival 2025. OSL joined MetaComp to launch the StableX Network — an initiative linking Singapore's interoperability engines with Hong Kong's licensed digital asset markets. Some of the shared visions that were discussed include the shared sentiment in real-time, compliant, cross-border digital value movement between two of Asia's strongest financial hubs. This partnership strengthens institutional corridors for:
Tokenized deposits
Regulated stablecoins
Multi-venue liquidity routing
Cross-border treasury management
Looking Ahead
As institutional participation accelerates into 2026, OSL is focused on delivering the infrastructure layer that regulates finance demands. Key developments ahead include:
Expansion of Tokenized Fund Distribution
Through OSL's institutional wealth management channel, we are onboarding more asset managers to distribute tokenized MMFs, bond funds, and thematic strategies.
Interoperable Custody + Execution Framework
Deeper integration between custody, OTC, and structured-yield solutions — all under a compliant, segregated, fully insured architecture.
Strategic Partnerships Across APAC
Strengthening collaborations that bridge HK, SG, JP, and AU, especially around:
Stablecoin issuance and settlement
RWA tokenization
Inter-exchange liquidity corridors
Treasury and FX workflows for corporates
Industry Participation & Regulatory Alignment
OSL continues to engage in regulatory dialogues and industry forums to help shape Hong Kong's rapidly progressing digital asset standards.
Our team is ready to support your digital asset journey with a regulated, secure, and institutional-first approach.