OSL CCO Emphasizes Need for Mature Compliance Settlement Layer for Stablecoin Payments at Money 20/20 Asia

Gate News message, April 21 — Eugene Cheung, Chief Commercial Officer of OSL Group, stated at the Money 20/20 Asia summit in Bangkok on April 21 that scaling stablecoin payments to institutional levels requires building a mature compliance and risk management settlement layer capable of supporting complex business requirements.

Financial institutions must be confident that blockchain systems can handle intricate legal compliance and asset custody risks before moving significant operations on-chain, Cheung explained. This commitment to licensed operations and institutional-grade infrastructure underpins OSL’s core strategy. Stablecoin payment systems need to establish an effective “control layer” comparable to traditional payment giants, handling compliance reviews and global settlement efficiently. Cheung noted that OSL is exploring the integration of artificial intelligence into the control layer of payment operations to enhance compliance decision-making efficiency and strengthen risk penetration capabilities.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Olenox Announces Merge With CS Digital to Develop Low Cost, Off-Grid Bitcoin Mining Opportunities

The two companies would agree to merge, with CS Digital receiving $55 million in an all-share transaction, to combine Olenox’s energy expertise with CS Digital’s expertise in bitcoin mining. The combined company would seek to develop off-grid mining and AI data center initiatives close to

Coinpedia1h ago

JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away

Gate News message, April 26 — JPMorgan's global head of ETF product and securities services, Ciarán Fitzpatrick, said on Friday (April 25) that tokenization will drive change across the entire funds industry, not

GateNews1h ago

Ripple Prepares for Largest Swell Event Yet With Combined Apex Format

Ripple opens registration for Swell 2026 in New York, with the company describing it as its biggest Swell yet. The event brings Swell and Apex into one program, with builders, financial leaders, developers and the XRP community under one roof. Key Takeaways: Ripple brings Swell and Apex into one

Coinpedia2h ago

Aave, Kelp, LayerZero Seek Arbitrum DAO Approval to Release $71M Frozen ETH for rsETH Recovery

Gate News message, April 26 — Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts. The proposal seeks to

GateNews2h ago

On-Chain Asset Management Infrastructure Lagoon Joins Rayls as Launch Partner

Gate News message, April 26 — Lagoon, an on-chain asset management infrastructure platform, has officially joined Rayls, a blockchain platform for banks, as its launch partner, according to Rayls' announcement. Lagoon will provide vault infrastructure to the Rayls ecosystem, supporting tokenized

GateNews5h ago

AWS Marketplace Integrates Chainlink Data Standards for Smart Contracts

AWS Marketplace is integrating Chainlink's data standards and services, enabling developers and enterprises to combine AWS compute, storage, database, and API infrastructure with smart contract capabilities, according to an announcement on Friday. AWS users will now be able to access three key Chain

CryptoFrontier5h ago
Comment
0/400
No comments