Strategic Alliance Announcement
Century Huatong, a prominent player in the global IP gaming sector, has announced a strategic alliance with OSL Group (0863.HK), a leader in compliant digital financial solutions. This partnership aims to fuse OSL’s regulatory-compliant virtual asset infrastructure with Century Huatong’s extensive ecosystem of international gaming applications. The collaboration is designed to enhance the use of stablecoin applications within a compliant framework.
Combining Strengths for Web3 Advancement
By combining their strengths, the two companies will tap into the existing synergies between their services, focusing on advancing Web3 technology from foundational infrastructure to upper-layer compliant solutions. They plan to operate on a multi-jurisdictional license framework, allowing them to cater to diverse regulatory environments.
Technological Integration and Services
As a part of this initiative, Century Huatong will utilize its technological expertise and market reach, while OSL will provide essential services such as digital asset custody and a streamlined settlement tool that accommodates various blockchain networks and currencies. This integration aims to deliver round-the-clock global cross-border payment and settlement services to partners in the gaming ecosystem, broadening the horizon for compliance in digital transactions across different regions.
