Matt Long, the former CEO of Hong Kong’s Saxo Bank is all set to join OSL, one of the eminent digital asset platform in Asia. As per the press release of OSL, Matt will head the distribution activities of OSL for both institutional and white label sales which are considered as the significant business of the firm.
OSL: The Digital Asset Platform
The subsidiary of Hong Kong-based BC Group, OSL is a digital asset platform which offers the exchange and custody services as well as software solutions for institutional clients. The firm is focussed on its institutional strategy to become the pioneer in trading of digital assets. As per the interim report of BC group, OSL owns about half of the total revenue of the Group in 2019, i.e. about 41.6 million yuans.
OSL was the first amongst the cryptocurrency firms who applied for the license of digital asset exchange in Securities and Futures Commission of Hong Kong (result is still pending)
Matt Long shifts from Traditional to Digital
It has been observed since last year that many of the bankers and investors had shifted from traditional financial institutions to the modern crypto industry. Matt Long, who was the CEO of Saxo Bank, also held the prominent positions in investment banks of Australia and New Zealand has joined the list of the shifters. According to the OSL, the unique perspective of Matt along with his background of global and institutional focussed digital banking will prove as the leading edge for the firm.
The shift of experienced professionals of the financial industry accelerates the confidence of the potential investors in the crypto world. The upcoming years can prove as a rising period for Bitcoin due to the influx of institutional professionals in the industry. The joining of experts may act as the power booster for the clients and customers of the crypto industry.