OSL Group has secured a dedicated SWIFT Business Identifier Code (BIC), strengthening its connectivity with the global banking infrastructure.
The SFC-licensed platform said the milestone reflects growing integration between institutional digital asset services and traditional financial networks.
The dedicated SWIFT identity allows OSL to enhance its fiat processing capabilities, including USD virtual accounts provided with global financial partners.
OSL can now identify itself under its own name within SWIFT’s messaging network, improving transparency and efficiency in cross-border settlement processes.
The dedicated SWIFT identity helps OSL reduce intermediary friction when institutional clients move funds between digital assets, fiat currencies, and stablecoins, including USDGO, a US dollar-backed stablecoin operated and distributed by OSL.
This development comes as SWIFT continues testing digital finance infrastructure, including live pilots involving tokenised asset settlement with major global banks.
Kevin Cui, Executive Director and CEO of OSL Group, said the SWIFT BIC places the platform within the global banking ecosystem alongside its partner banks.
“It gives us a direct path to settle for our clients at institutional scale,”
Cui said.
“This is a foundational step as we keep building the infrastructure institutions need to operate confidently in digital assets.”
Featured image credit: Edited by Fintech News Hong Kong, based on image by magnific via Magnific
