A digital asset exchange platform from Hong Kong is expanding operations across Latin American countries. OSL, a digital asset management firm from Hong Kong, is now operational in Mexico, Brazil, Colombia, and Argentina. According to an official statement released by the company, their services are open to both institutional and retail investors in these countries.
OSL is a subsidiary of a digital asset and technology firm called the BC group. According to OSL, investors from operational countries now have a chance to access a ‘global liquidity pool’.
As Fernando Martinez from OSL told CoinDesk, the company is now focusing on the rising crypto market in and around Latin America. OSL will work in the sectors of private banks, regional funds, family offices, and institutional investors in the beginning. As they gain a foothold, they have plans to expand operations to other sectors.
Martinez added that OSL does not operate in local currencies but only in US Dollars. For the first year of their operation, they will not be charging fees from investors and financial institutions that want to engage with them.
Latin American countries have shown promise in the crypto industry. More and more digital asset firms are turning their attention towards these countries. A few months back, QR Capital – a blockchain investment company – launched their ETF in Brazil’s national stock exchange. In July, QR Capital further added an Ether ETF after getting permissions.
OSL is presently the only digital asset management firm that is registered by Hong Kong Securities and Futures Commission. They will be actively competing against regional platforms that offer the same services as they do.