Banking Circle expands OSL partnership across six currencies

  • Banking Circle expanded its collaboration with OSL to support six currencies.
  • Six currencies now include AUD, EUR, GBP, HKD, SGD and USD.
  • OSL EU recently received MiCAR authorization from Austria's Financial Market Authority.

Banking Circle S.A. has expanded its collaboration with OSL Group (HKEX: 863) beyond the euro to support six currencies: AUD, EUR, GBP, HKD, SGD and USD. The Luxembourg-licensed bank will provide fiat settlement, crypto conversion and liquidity infrastructure through BC-Now (a 24/7 instant payments network), allowing institutional clients to receive, convert and settle funds 365 days a year on one compliant platform. The move comes as MiCAR (the European Union's crypto-asset regulation) and the GENIUS Act encourage regulated digital-asset payment rails. OSL EU was recently authorized as a Crypto-Asset Service Provider by Austria's Financial Market Authority under MiCAR. The companies also pointed to stablecoin payment developments involving MVB, Velocity, Visa Direct, Coinbase and Moov, while executives said adoption is shifting from trading toward real-world payment use cases.

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