ME News reports that on August 4 (UTC+8), OSL Group, a stablecoin payment and trading platform, announced it has obtained a dedicated SWIFT Business Identifier Code (BIC), enabling direct access to the core of the global payment clearing network. The SWIFT BIC provides OSL with bank-grade capabilities, streamlining cross-border settlement processes and reducing friction from intermediary steps, allowing institutional clients to transfer funds between digital assets, fiat currencies, and various stablecoins more transparently, securely, and efficiently. Kevin Cui, Executive Director and CEO of OSL Group, stated, “Having a dedicated SWIFT BIC means OSL can now formally join the global banking system as an independent entity, standing alongside our partner banks. This not only provides our clients with an institutional-grade clearing channel but also represents a significant and solid step in our ongoing effort to build the infrastructure institutional clients need to confidently engage in the digital asset space.” (Source: Foresight News)
OSL Obtains Dedicated SWIFT BIC for Global Payment Network Access
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Summary
On August 4 (UTC+8), OSL Group announced it has received a dedicated SWIFT BIC, granting direct access to the global payment network. This move supports a network upgrade that enhances cross-border settlement efficiency and transparency for institutional clients. With this BIC, OSL can now operate as an independent entity within the global banking system. CEO Kevin Cui noted that this step aligns with broader global crypto policy initiatives to build institutional-grade infrastructure. The upgrade enables seamless transfers between digital assets, fiat currencies, and stablecoins.
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