Hong Kong – 18 November, 2021 – OSL, a leader in digital asset trading and software-as-a-service (SaaS), and member of BC Technology Group (stock code 863 HK), today announced that its SaaS trading volumes grew approximately 413% in the three months ended 31 October 2021, further highlighting the scalability of the company’s institutional SaaS business.
OSL’s Exchange platform including SaaS Exchange volumes ranked in the top 25 global spot exchanges on multiple days within the past month, with daily exchange platform volumes as high as USD220 million during the period*.
“We operate our SaaS business with a revenue sharing model, and because of this we grow as our clients grow,” said OSL CEO Wayne Trench. “This has resulted in increased OSL SaaS volumes throughout the year and a ‘hockey stick’ effect in the last few months in particular as our partners’ volumes have rapidly increased.”
In June, OSL announced a joint venture with Standard Chartered Bank’s SC Ventures to launch a digital asset brokerage and exchange in the UK and Europe under the Zodia Markets brand. The JV is focused on an institutional customer base including sovereign wealth funds, family offices, hedge funds and corporates and is currently undergoing a regulatory registration process with the UK’s Financial Conduct Authority and the Central Bank of Ireland. Former BC Group CIO Usman Ahmad began his tenure as CEO of the venture in August.
“We’re extremely proud of what we’ve been able to accomplish in terms of our SaaS partnerships, and we are seeing these relationships bear fruit as the global digital asset market continues to gain momentum,” added Trench. “We have incredible institutional customers, including Standard Chartered Bank and a number of other large financial institutions, with announcements on new business wins coming in the near future.”
A global leader in institutional digital asset trading software, OSL SaaS offers a complete go-to-market solution with performance, security, liquidity, and compliance toolkits built-in. OSL SaaS provides customers with the proprietary OSL Exchange, Intelligent Request for Quote (iRFQ) and Custody software — either as standalone products or as a combined platform solution.
Designed for institutional and professional investors, the OSL Exchange connects traders to counterparts across markets, delivering unrivalled access to deep pools of liquidity in Bitcoin, Ethereum, Uniswap, Chainlink and other digital assets. In addition to enabling one-click trading via the user-friendly UI, OSL Exchange also supports both FIX and REST API connectivity.
About OSL Hong Kong
As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.
OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.
For more information, visit osl.com.
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