Following recent developments in Australia concerning digital asset products and services, OSL Group will shortly be commencing in Australia the offering of stablecoin payment services for wholesale clients.

This move is in line with OSL’s global expansion strategy and marks a significant advancement in its payment business roadmap.

The development comes as Australia works to introduce a formal licensing regime that would bring custody, exchange and related crypto activities under clearer regulation.

OSL provides brokerage, exchange and custody services and operates as a licensed virtual asset platform in Hong Kong.

Looking ahead, the company remains committed to expanding its payment capabilities to deliver efficient and compliant global digital asset payment solutions.

This article first appeared on Fintech News Hong Kong. 

Featured image: Edited by Fintech News Australia, based on image by travelstock86 via Freepik