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, increasing investor access to The Open Network’s native token.

Hong Kong 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.

Eligible users can exchange TON against USD, USDT and HKD on the OSL platform with immediate effect. The press release notes that the service also includes custody services and fiat on/off on-ramps for digital assets.

“We are committed to actively listening to our customers and providing them with safe and easy access to quality tokens that will enable them to capitalize on market opportunities and growth potential.”

Guoliang Hao, chief operating officer of OSL

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

Reports from early December revealed that Pantera Capital had raised another $20 million to further invest in Toncoin, continuing its support for the Telegram-connected blockchain. However, other details of the financing remain unclear.