PANews reported on June 4 that OSL Group (HKEX:863), a global stablecoin payment and trading platform, announced today that DBS Bank has become the fiat currency settlement bank for OSL's Hong Kong business and has opened an account for OSL Digital Securities, OSL Group's licensed entity in Hong Kong.

DBS is a market-leading financial services group with a broad and solid business foundation in corporate and institutional banking services. Connecting with DBS will further strengthen OSL's compliant banking network and enhance its customer service capabilities. As institutional clients continue to increase their demand for digital asset services, this collaboration will help OSL serve a more diversified customer base and business scenarios.

In the future, OSL Group will continue to enhance its digital asset service capabilities and work with clients and partners to promote the sound development of Hong Kong's compliant digital asset ecosystem.