Transaction is a pilot for future digital asset settlements to the firm
Hong Kong – 11 December 2019 – OSL Brokerage, the region’s leader in digital asset trading and a member of BC Group (stock code: 863 HK), today announced that it facilitated a payment in Bitcoin (BTC) to Deloitte Hong Kong from one of the professional services firm’s key customers, a global-leading insurer.
The payment, the first of its type received by Deloitte in Asia, was for services rendered for a strategic digital assets research project it conducted for the insurer and will serve as a pilot for future settlements to the firm.
“We’re delighted to assist Deloitte as they take their initial steps into the digital asset space,” added Ryan Miller, OSL Head of Institutional Sales. “As this new asset class continues to be adopted by institutions and professional investors alike, we see settlements in Bitcoin and other digital assets becoming standard practice.”
Value transfer is the most proven and effective use case for blockchain and digital assets, and OSL had been exploring the opportunity to pilot a proof-of-concept blockchain transfer of value transaction between institutional players for some time. The Bitcoin payment received by the international professional services firm from its customer shows that digital asset payments can be integrated into existing corporate payment ecosystems.
“This pilot transaction proves that established players in professional and financial services are seriously exploring a variety of business synergies using digital assets, including adopting digital asset settlements for different payment scenarios,” added Miller.