(Hong Kong - August 3, 2023) - OSL , the world's first SFC-licensed and insured digital asset platform, is excited to announce that it has received an uplift to its existing license from the Securities and Futures Commission (SFC) of Hong Kong. Effective immediately, OSL offers retail investors the ability to register on its platform and buy/sell digital asset products, starting with the popular cryptocurrencies Bitcoin and Ethereum. This momentous development is a testament to OSL's unwavering commitment to compliance, regulation, and excellence in the digital asset space.
This license uplift, in line with Hong Kong's new regulatory rules, is a significant milestone not only for OSL, but for Hong Kong and the global crypto market as well. It underscores Hong Kong's forward-thinking approach to digital asset regulation and its ambition to become a leading global hub for digital assets allowing retail users to participate in one of the fastest growing asset classes.
"We are extremely proud of this achievement," said Hugh Madden, CEO of OSL. "This is a significant first-mover advantage, and a direct result of our strategy of putting regulation and compliance first. It demonstrates how regulation is the foundation of future growth and mainstream acceptance in the digital asset space."
In an environment where the crypto market has been under close scrutiny, OSL has consistently prioritized regulatory compliance and has now reaped the benefits of its strategy. This affords OSL an edge in the rapidly evolving digital asset landscape, opening up opportunities to provide retail investors with secure, regulated access to the world of digital assets.
As part of its commitment to investor protection, OSL will continue to implement stringent investor protection measures and maintain a high cold-to-hot storage ratio to ensure the security of client assets.
"This is a monumental moment not only for OSL but for the broader crypto market," added Gary Tiu, Head of Regulatory Affairs. "By granting this license uplift, the SFC has shown that it is possible for digital asset markets to be regulated and safe. We believe this will usher in a new era of growth and acceptance for digital assets, and we are excited to be at the forefront of this movement."
With this development, OSL is now well-positioned to lead the transformation of the digital asset market. As it welcomes retail investors, it remains steadfast in its commitment to excellence, compliance, and regulation, setting the stage for a more robust and secure digital asset environment.
About OSL Hong Kong
As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors, combining regulatory compliance with cutting-edge blockchain technology.
OSL Hong Kong delivers services across five core domains: brokerage, omnibus solutions, custody, wealth management, and exchange. The brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite includes innovative products such as tokenised money market fund, with parallel exchange services ensuring compliant market access for professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Hong Kong adheres to the “Open, Secure, Licensed” principles, serving as a cornerstone of Asia’s regulated digital asset ecosystem. In addition, OSL leads with compliance-first expansion—now in Japan, Australia, and beyond—delivering secure, tailored solutions worldwide.
For more information, visit osl.com.
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