Hong Kong’s crypto broker OSL adds support for TON into OTC services

OSL Digital Securities has expanded its OTC offerings with the addition of Toncoin, boosting investor access to The Open Network’s native token.

Hong Kong‘s regulated crypto broker OSL Digital Securities has added Toncoin (TON) to its over-the-counter trading services, allowing professional investors to trade the token. The new offering is part of OSL’s strategy to expand its services and meet the growing demand for crypto in the region, the firm said in a Dec. 13 press release.

Effective immediately, eligible users can trade TON against USD, USDT, and HKD on OSL’s platform. The service also includes custodian services and fiat on/off-ramps for digital assets, the press release reads.

“We are committed to actively listening to our customers and strive to provide secure and easy access to quality tokens that enable them to capitalize on market opportunities and growth potential.”

Guoliang Hao, chief business officer of OSL

OSL’s decision to add TON to its OTC services comes after the TON blockchain secured multi-million dollar funding from Pantera Capital. As crypto.news reported in May, the Open Network allegedly secured over $250 million in funding from the Californian venture capital giant. At the time, Pantera Capital said it had decided to invest in TON as the platform “has the capacity to introduce crypto to the masses because it is used extensively within the Telegram network.”

In early December, reports revealed that Pantera Capital raised an additional $20 million to further invest in Toncoin, maintaining its support for the Telegram-linked blockchain. Other details of the funding, however, remain unclear.