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 KongRegulated crypto broker OSL Digital Securities has added Toncoin (TONNE) 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 company said in a Dec. 13 statement. press release.

Starting today, eligible users can exchange TON for USD, USDT and HKD on the OSL platform. The service also includes custody services and fiat on- and off-ramps for digital assets, the press release said.

“We are committed to actively listening to our customers and striving to provide secure and easy access to quality tokens that enable them to capitalize on market opportunities and growth potential.”

Guoliang Hao, sales director of OSL

OSL’s decision to add TON to its OTC services comes after the TON blockchain secured multi-million dollar funding from Pantera Capital. Like crypto.news reported in May, the Open Network reportedly secured more than $250 million in funding from the California-based venture capital giant. At the time, Pantera Capital said it decided to invest in TON because the platform “has the ability to introduce crypto to the mainstream as it is widely used within the Telegram network.”

In early December, reports emerged that Pantera Capital had raised an additional $20 million to further invest in Toncoin, maintaining its support for the Telegram-related blockchain. Other details of the financing, however, remain unclear.