Compression with Studio 68 Interface before it hits DAW?

Hello, I own Studio One Producer am interested in purchasing a Studio 68 Interface. I would like to use compression while recording before it hits the DAW (to have a good/level initial volume going in). Is it possible to do this with a plugin compressor... after the preamp on the interface, yet before it goes out to the DAW- like an insert? Or, is the only way to do this is to use an outboard hardware compressor? Thank you for your time! - Brandon