Home Crypto News EFH Selects OSL Custody as Official Digital Asset Custodian

EFH Selects OSL Custody as Official Digital Asset Custodian

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OSL, a digital asset platform primarily based in Asia, introduced 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 funding agency headquartered within the United States and has been growing its exercise within the digital asset house. According to the assertion launched in the present day, the funding agency chosen OSL Custody as a result of it’s tailor-made for institutional buyers.

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EFH to scale presence in digital property

The partnership introduced in the present day is a component of a bigger transfer by EFH, as the agency is planning on scaling its allocation to digital property considerably within the close to time period. For the final 17 years, the corporate has invested its property via a public fairness portfolio.

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Lachlan Campbell, Asia CEO of Equities First Holdings
Source: LinkedIn

Commenting on the announcement, Lachlan Campbell, Asia CEO of Equities First Holdings stated within the assertion: “The digital asset trade is present process fast transformation as institutional gamers from conventional finance have begun to take deliberate steps to take part within the house. 

“Our background is the extremely regulated house of public equities. With this on the coronary heart of the whole lot we do, we wanted the identical caliber and requirements on the digital asset facet.” 

OSL, a subsidiary of the BC Group, supplies Software-as-a-Service (SaaS), brokerage, trade and custody companies for institutional purchasers {and professional} buyers. The firm gives over-the-counter (companies), entry to liquidity swimming pools and extra.

Wayne Trench of OSL
Wayne Trench, CEO of OSL
Source: LinkedIn

“We’re thrilled to be working with Equities First Holdings globally,” added OSL CEO Wayne Trench within the assertion. “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.”

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