OSL Digital Securities has expanded its OTC choices with the addition of Toncoin, boosting investor entry to The Open Network’s native token.
Hong Kong‘s 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 technique to increase its services and meet the rising demand for crypto within the area, the agency mentioned in a Dec. 13 press launch.
Effective instantly, eligible customers can commerce TON in opposition to USD, USDT, and HKD on OSL’s platform. The service additionally consists of custodian services and fiat on/off-ramps for digital belongings, the press launch reads.
“We are committed to actively listening to our customers and strive to provide secure and easy access to quality tokens that enable them to capitalize on market opportunities and growth potential.”
Guoliang Hao, chief enterprise officer of OSL
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OSL’s determination so as to add TON to its OTC services comes after the TON blockchain secured multi-million greenback funding from Pantera Capital. As crypto.information reported in May, the Open Network allegedly secured over $250 million in funding from the Californian enterprise capital big. At the time, Pantera Capital mentioned it had determined to put money into TON because the platform “has the capacity to introduce crypto to the masses because it is used extensively within the Telegram network.”
In early December, reviews revealed that Pantera Capital raised a further $20 million to additional put money into Toncoin, sustaining its support for the Telegram-linked blockchain. Other particulars of the funding, nevertheless, stay unclear.
Read extra: Ton blockchain: X insurance policies to drive Telegram adoption
