Eventus Systems, a provider of multi-asset class trade surveillance and market risk solutions, has deployed its solution on OSL Digital Securities’ platform, as part of a new deal.
OSL is Asia’s first and only SFC-licensed, big-four audited and insured digital asset platform for institutions and professional investors. The company has implemented Eventus’ transaction monitoring capabilities, extending its partnership with the RegTech company.
The two companies first worked together in 2019. OSL became the first digital asset platform in the Asia Pacific region to use Validus for trade surveillance on its markets. Eventus now claims to support two-thirds of the digital exchanges listed on CB Insights’ global Blockchain 50 list.
Eventus has made several enhancements to its Validus platform, including new capabilities for anti-money laundering and transaction monitoring. It also recently released new automation capabilities that enable clients to efficiently self-manage their surveillance models and cast a wide net for alerts.
Eventus sales director Vince Turcotte said, “We’ve been honoured to represent OSL, which recognizes the importance of a robust trade surveillance program in attracting institutional and professional investors as well as reinforcing the integrity of its markets.”
OSL was the first firm to be licensed by the Hong Kong Securities and Futures Commission to conduct Type 1 and Type 7 regulated activities – dealing in securities and automated trading service, respectively – related to digital assets. This license was supplied after the company opted into the regulator’s virtual asset regime and successfully underwent the commission’s rigorous vetting requirements.
This license means customers benefit from insurance protection on digital assets in client wallets and customers are subjected to KYC and AML controls.
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