OSL, a digital asset platform based in Asia, announced this Monday that it’s OSL Custody Service was chosen as the official digital asset custodian for Equities First Holdings LLC (EFH).
EFH is an investment firm headquartered in the United States and has been increasing its activity in the digital asset space. According to the statement released today, the investment firm selected OSL Custody because it is tailored for institutional investors.
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EFH to scale presence in digital assets
The partnership announced today is part of a larger move by EFH, as the firm is planning on scaling its allocation to digital assets significantly in the near term. For the last 17 years, the company has invested its assets through a public equity portfolio.
Commenting on the announcement, Lachlan Campbell, Asia CEO of Equities First Holdings said in the statement: “The digital asset industry is undergoing rapid transformation as institutional players from traditional finance have begun to take deliberate steps to participate in the space.
“Our background is the highly regulated space of public equities. With this at the heart of everything we do, we needed the same caliber and standards on the digital asset side.”
OSL, a subsidiary of the BC Group, provides Software-as-a-Service (SaaS), brokerage, exchange and custody services for institutional clients and professional investors. The company offers over the counter (services), access to liquidity pools and more.
“We’re thrilled to be working with Equities First Holdings globally,” added OSL CEO Wayne Trench in the statement. “Part of our mission is to build a bridge to digital assets for traditional institutional players in financial services. A global leader in securities-based financing, EFH has also become an early adopter of digital assets and is an ideal partner for OSL as we look to play a key role in further institutionalizing the space.”