Altex and OSL Sign Agreement to Provide Secure, Compliant Digital Asset Trading Services to Institutional Investors
24 January 2022 – Ulaanbaatar and Hong Kong – Altex, Mongolia’s premier digital asset exchange, and OSL Asia’s leading digital asset platform and subsidiary of Hong Kong-listed BC Technology Group (stock code: 863 HK), today announced they have signed an agreement to provide comprehensive, secure and compliant digital asset trading, custody technology and liquidity services to institutional and professional investors.
Under the agreement, OSL will provide its market-leading OSL software-as-a-service (OSL SaaS) digital-asset technology suite to Altex, including 24/7 digital asset trading, operations, custody and wallet services. The OSL SaaS offering enables secure access to deep global liquidity to trade and invest in leading digital assets and tokens such as bitcoin and ether.
Altex CEO and Co-Founder Jay Tsogtbaatar said: “OSL’s experience and expertise in SaaS digital asset trading technology is truly exceptional – they deliver highly differentiated cutting-edge products and services. Together we’re developing a comprehensive and competitive value proposition and look forward to expanding our customer base and building out the Altex digital asset exchange and ecosystem.”
OSL CEO Wayne Trench said: “We’re thrilled to enter into the agreement with Altex to make secure and compliant digital asset trading more accessible to institutional investors. Institutional and professional demand for digital assets in Asia has never been higher, and we’re extremely optimistic about the potential for customer growth and scalability in the emerging markets.”
About Altex
The Altex digital asset exchange was established in November 2021 in Ulaanbaatar, Mongolia, with the mission of providing seamless access to worldwide digital investment opportunities at low cost and at large scale to its community.
The company aims to meet client digital investment needs through a combination of world-class agile technology solutions and a comprehensive customer-centric service model.
Altex enables anyone to invest safely and securely in digital assets at the most competitive prices and provides 24/7 online customer service. The company also provides digital asset market education as well as investment management services.
For more information: www.altex.mn
About OSL
Backed by Asia’s leading public fintech and digital asset company, OSL Group (863.HK), formerly BC Technology Group, OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed digital asset solutions.
OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to global liquidity through its best-in-class digital asset platform. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
As the digital asset industry continues to evolve, so does OSL. OSL’s simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.
For more information, visit: group.osl.com
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