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Crypto Exchange OSL to Establish 'Digital Asset Powerhouse' in Asia, US Regions
The partnership between OSL and Monsoon is seeking to cement a leadership position in the Asia and U.S. regions.
Updated Sep 14, 2021, 8:37 a.m. Published May 7, 2020, 4:00 a.m.
One of Asia's largest crypto exchanges by trade volume, OSL, has teamed with U.S. enterprise startup Monsoon Blockchain to further asset and money digitization.
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OSL, which targets institutional and individual investors with trading, brokerage and custody services, is seeking to establish "a digital asset powerhouse" in the U.S. and Asia regions, Monsoon said in a press release Tuesday.
The deal aims to combine intellectual property, deal flow, large-scale investors and blockchain capabilities in an attempt to drive the digitization of assets and money within the regions.
See also: Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator
Monsoon Blockchain is an Ethereum-based protocol that aims to use smart contracts to provide a more efficient marketplace for cloud service providers.
Monsoon has worked with a number of IT giants including IBM, Oracle and Alibaba as a data services distributor, who headed Fusion-io and Violin Memory, both of which are data processing software and hardware providers.
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