OSL Group Partners Avalanche for RWA Tokenization in Hong Kong
Hong Kong-listed OSL Group has formed a blockchain integration partnership with Avalanche to facilitate real-world asset tokenization and payment services in the Asian market, the companies announced in a statement Thursday.
The announcement positions the partnership as bridging traditional and digital finance within the Web3 landscape, targeting growth in both tokenized asset issuance and cross-border payment infrastructure.
The collaboration will see OSL utilize Avalanche's blockchain infrastructure to issue compliant tokenized real-world assets targeting the Hong Kong market. The partnership aims to channel over $100 million in asset liquidity into the Avalanche ecosystem, according to the December 10 announcement.
OSL Group, which trades on the Hong Kong Stock Exchange under ticker 863.HK, describes itself as Asia's leading stablecoin trading and payment infrastructure platform. The company plans to leverage Avalanche's network to serve both institutional investors and retail users with RWA products and payment solutions.
As part of the integration, OSL Pay will add support for USDT stablecoin transactions on both the AVAX and Avalanche C-Chain networks, enabling on-ramp and off-ramp services for users.
Eugene Cheung, chief commercial officer at OSL Group, cited Avalanche's transaction speed and cost structure as key factors in the decision. The platform offers sub-second transaction finality, which OSL says will enable efficient tokenization of real-world assets and support real-time payments for native AVAX assets.
John Nahas, chief business officer at Ava Labs, said the partnership would help expand Avalanche's presence in the RWA sector. He highlighted OSL's user base in Hong Kong and internationally as a channel to attract additional institutional and retail participants to the Avalanche ecosystem in Asia.
Ayrıca Şunları da Beğenebilirsiniz
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
ZEROBASE front-end was counterfeited; BSC phishing contract has stolen over $250,000 USDT.
