Hong Kong licensed virtual asset trading platform OSL Group announced a partnership with global insurance and reinsurance company Canopius and upgraded its digital asset platform custody insurance agreement. The London Labor Society (Lloyd's of London) underwriting group led by Canopius will provide OSL with a new custody insurance agreement for two years with higher coverage. In addition, OSL Group stated that Hong Kong regulatory guidelines require virtual asset service providers (VASPs) to cover insurance for 50% of custodial assets, but OSL's insurance coverage already covers at least 95% of regulated assets and has expanded its custody insurance limit.
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OSL has partnered with global insurance and reinsurance company Canopius to secure a new two-year custody insurance agreement
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