Interactive Brokers has partnered with OSL Digital Securities to provide exclusive virtual asset dealing services for the multi-asset brokerage firm in Hong Kong.

OSL Digital Securities is a Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors.

The partnership marks a significant evolution of the Hong Kong digital asset markets, with one of the largest SFC-regulated online brokers serving Hong Kong professional investors teaming up with the SFC-licensed institutional digital asset brokerage and exchange.

OSL will empower Interactive Brokers to offer virtual asset dealing services directly to its professional investor trading clients in Hong Kong, powered by OSL.

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Wayne Trench, Chief Executive Officer at OSL, commented: “OSL is a global leader in regulatory compliant digital asset trading and custody and we’re thrilled to work with Interactive Brokers. Hong Kong has one of the world’s highest concentrations of institutional and professional investors, as well as a clear regulatory regime around digital assets, making it the ideal location for this landmark arrangement as digital assets continue to be integrated into the global financial services ecosystem.”

David Friedland, Head of APAC at Interactive Brokers, said: “Investors worldwide are rallying to digital asset markets, and the collaboration with OSL comes at a key moment in the development of the regulated digital asset ecosystem in Hong Kong. As investors seek reliable counterparties with which to transact, we are excited to work with a company like OSL, that has the industry expertise to help us meet the growing needs of our client base in this region.”

Late last year, OSL appointed Jeffrey Howard as Head of North America Business Development and Institutional Sales and has acquired a Money Services Business (MSB) registration from FinCEN.

The move was part of the digital asset prime broker’s expansion in the United States. OSL also provides custody, exchange and SaaS services for institutional clients and professional investors.

The MSB is required to offer a secure, compliant digital asset business to clients in the United States and will serve as the firm’s stepping stone to conquer the digital asset marketplace in the US.

OSL was designed for institutional and professional investors and operates with high KYC, AML, and market surveillance standards and practices across its global businesses.

It was in July that the digital asset trading firm launched its prime brokerage in the Americas, including electronic and OTC execution, coin borrowing and lending, capital introduction and access into deep pools of digital asset liquidity.

Prime brokerage client trading volume in North America has increased to represent more than 40% of OSL Americas’ overall volume.