Crypto Exchange OSL To Establish Cornerstones In Asia and US

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • OSL cryptocurrency platform, is Asia’s most comprehensive digital asset platform, providing users a  Software-as-a-Service.
  • According to recent reports, Asia’s largest crypto-exchange platform OSL has partnered with  U.S. enterprise startup,  Monsoon Blockchain.
  • Furthermore, the objectives of the present deal include initiatives to amalgamate intellectual property, deal flow, large-scale investors, and blockchain capabilities.

OSL cryptocurrency platform, is Asia’s most comprehensive digital asset platform, providing users with a  Software-as-a-Service. Besides that, it provisions brokerage, exchange, and custody services for institutions and professional investors. The platform is embedded with multiple provisions and applications including highly secure vaults, hot and cold wallets, multi-layer security protocols. These span hardware and software to ensure that its users facilitate secure transactions.

Also, the exchange platform consists of a support team of more than 60 seasoned engineers and security technologists. Institutional-grade Know-Your-Customer and Anti-Money Laundering standards. Additionally, the service is subject to statutory audit requirements under its HKSE-listed parent company, BC Group.  Industrial standard compliance policies and healthy working relations tally out the legal requirements with respect to its functioning.

The present tie-up

According to recent reports, Asia’s largest crypto-exchange platform OSL has partnered with  U.S. enterprise startup, Monsoon Blockchain. Crypto-exchange platform OSL targets institutional and individual investors with trading, brokerage, and custody services. The partnership is to enhance asset and money digitization. The counterpart, Monsoon, claimed in the interview that such a team-up is related to OSL’s intentions to establish “a digital asset powerhouse” in the U.S. and Asia regions.

Furthermore, Monsoon Blockchain is an Ethereum-based protocol aiming to utilize smart contracts to provide an efficient market environment. Especially for cloud service providers. Monsoon Blockchain Corporation besides cloud service providers aims to provide to its user base innovative cloud solutions. Dr Donald Basile, it the CEO, and founder of it. He is also the former CEO of Fusion-IO. This company is popular for its contributions to implementing the cloud systems at Apple and Facebook. However keeping aside their partnerships with HP, IBM, and Dell.

Reasons behind the partnership

The objectives of the present deal include initiatives to amalgamate intellectual property, deal flow, large-scale investors, and blockchain capabilities. Thereby such a task aims to accelerate the digitization of assets and money within the regions. Monsoon’s tie-up with other data processing giants and hardware providers will be a silver line for the platform’s growth and development.

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