Equity First Holdings LLC (EFH) partners with OSL for its digital asset custody expansion. Hence, OSL will serve as the custodian of EFH. EFH wants to increase its activity in the digital asset space and offer services to institutional investors.
EFH has a proven commitment to innovation: Throughout its history, the investment firm continuously provided new solutions to borrowers.
About the partners
Equity First Holdings LLC is a leader in alternative financing solutions. Headquartered in the United States, it operates 12 offices worldwide through its subsidiaries. In the past, ETH invested assets through a public equity portfolio. With it, EFH provides high net-worth individuals and businesses with non-purpose financing solutions. These have shown low risks and high profits.
EFH specializes in providing liquidity in a secure and transparent process. Moreover, it offers low cost of capital. Hence, EFH loans often come with a loan-to-value ratio between 50% and 75%. Further, interests rates are as low as 3% to 4%. This makes EFH services attractive for businesses looking for operations or expansion capital.
OSL, founded 2018, is Asia’s leading digital asset platform. OSL is a member of the BC Group. It offers Software-as-a-Service (SaaS) solutions. In addition, brokerage, exchange and custody services are part of OSL’s product portfolio.
Previously, OSL Custody was known as ANXONE Custody. The custody provider maintains its wallet infrastructure in high-security, cold storage vaults. The high-security vault upholds Department of Defense standards. Thus, it surpasses rigorous industry standards.
The perfect partner: OSL’s custody service for digital assets
As part of its strategy, EFH wants to continue expanding its portfolio towards digital assets. Therefore, partnering with OSL is part of EFH’s grander strategy.
As Lachlan Campbell, EFH’s CEO for Asia, remarked:
“The digital asset industry is undergoing rapid transformation as players from traditional finance have begun to take deliberate steps to participate in the space. Our background is the highly regulated space of public equities. With this at the heart of everything we do, we needed the same caliber and standards on the digital asset side.”
EFH searched for a cooperation partner that can offer services to institutional investors. As the subsidiary of the BC Group already offers its services to institutional investors, OSL seems like a perfect fit. Furthermore, OSL provides over the counter services and access to liquidity pools.
Additionally, OSL’s custody services are tailored to institutional investors. For this reason, they rely on OSL’s standards in cybersecurity, compliance and sophistication. This was also highlighted by Campbell:
“OSL is a global leader in digital asset custody, and it has the institutional-grade protection, insurance and compliance standards to match the needs of our business.”
Equities First Holdings partners with OSL: Scaling its digital asset presence
More importantly, Campbell estimates that the digital asset custody holdings will grow upwards of several hundred million US-Dollars within the next 18 months. If this is the case, the EFH expansion into digital assets will probably become very profitable.
Regarding the partnership with the investment firm, Wayne Trench, CEO of OSL, stated:
“Part of our mission is to build a bridge to digital assets for traditional institutional players in financial services. A global leader in securities-based financing, EFH has also become an early adopter of digital assets and is an ideal partner for OSL as we look to play a key role in further institutionalizing the space.”
Summarizing, with this partnership EFH will scale its presence and allocation in digital assets.
For more news on recent insights from the digital asset space, please visit: https://digital-assets-custody.com/rising-number-of-uk-consumers-holding-digital-assets/