24 January 2022 – Ulaanbaatar and Hong Kong – Altex, Mongolia’s premier digital asset exchange, and OSL Asia’s leading digital asset platform and subsidiary of Hong Kong-listed BC Technology Group (stock code: 863 HK), today announced they have signed an agreement to provide comprehensive, secure and compliant digital asset trading, custody technology and liquidity services to institutional and professional investors.
Under the agreement, OSL will provide its market-leading OSL software-as-a-service (OSL SaaS) digital-asset technology suite to Altex, including 24/7 digital asset trading, operations, custody and wallet services. The OSL SaaS offering enables secure access to deep global liquidity to trade and invest in leading digital assets and tokens such as bitcoin and ether.
Altex CEO and Co-Founder Jay Tsogtbaatar said: “OSL’s experience and expertise in SaaS digital asset trading technology is truly exceptional – they deliver highly differentiated cutting-edge products and services. Together we’re developing a comprehensive and competitive value proposition and look forward to expanding our customer base and building out the Altex digital asset exchange and ecosystem.”
OSL CEO Wayne Trench said: “We’re thrilled to enter into the agreement with Altex to make secure and compliant digital asset trading more accessible to institutional investors. Institutional and professional demand for digital assets in Asia has never been higher, and we’re extremely optimistic about the potential for customer growth and scalability in the emerging markets.”
The Altex digital asset exchange was established in November 2021 in Ulaanbaatar, Mongolia, with the mission of providing seamless access to worldwide digital investment opportunities at low cost and at large scale to its community.
The company aims to meet client digital investment needs through a combination of world-class agile technology solutions and a comprehensive customer-centric service model.
Altex enables anyone to invest safely and securely in digital assets at the most competitive prices and provides 24/7 online customer service. The company also provides digital asset market education as well as investment management services.
For more information: www.altex.mn
About OSL and BC Technology Group
Backed by Asia’s leading public fintech and digital asset company, BC Technology Group (stock code: HK 863), OSL is the region’s most comprehensive licensed digital asset platform.
OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors.
The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured hot and cold wallets to ensure the safekeeping of digital assets with timely transaction settlement.
BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting the global standard for performance, security and compliance.