OSL Group, a publicly listed company in Hong Kong, has partnered with Avalanche to promote real asset tokenization and payment services in Asia. This relationship is expected to connect traditional finance with Web3, while expanding tokenized asset issuance activities and cross-border payment infrastructure.
According to the agreement on 12/10, OSL will utilize the Avalanche blockchain to issue compliant tokenized real assets for the Hong Kong market, with the goal of injecting over $100 million USD in liquidity into the Avalanche ecosystem. OSL Pay will also support USDT transactions on the AVAX network and Avalanche C-Chain, providing convenient deposit and withdrawal services for users.
OSL states that Avalanche offers processing speeds under 1 second and low costs, making it suitable for real-time tokenization and payments. Ava Labs expects this partnership will attract more institutional and retail investors to the Avalanche ecosystem in Asia.
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