This week, OSL Digital Securities, the only SFC-licensed digital asset exchange and brokerage in Hong Kong conducted its first successful trades in BCAP Tokens, a security token. This is the first security token to be traded via a regulated digital asset trading platform operator in Hong Kong, following the first licence to be issued by the Securities and Futures Commission to a virtual asset trading platform.
OSL is currently the only firm in Hong Kong licensed to trade security tokens, and this initial BCAP Token transaction marks the start of what is expected to be a long and steady line of tokenized securities and other financial products to enter the digital asset ecosystem in Hong Kong.
Hong Kong has a strong track record as a leading centre for traditional equity and debt capital raising and trading and is primed to position itself as a leader in digital asset capital markets, including with digital securities.
OSL Digital Securities provides an electronic marketplace and over-the-counter trading service for professional investors, corporates and institutions digital assets.
BCAP Tokens are Ethereum-based smart contract digital tokens originally issued in 2017 by Blockchain Capital TokenHub Ptd. Ltd, which in turn holds interests in Blockchain Capital III Digital Liquid Venture Fund LP. Through this structure, BCAP Tokens provide indirect exposure to the venture capital fund which invests in blockchain and cryptocurrency technology. Blockchain Capital was founded in 2013, is one of the oldest and most active venture investors in the blockchain industry and has financed 75+ companies and projects since its inception.
Backed by Asia’s leading public fintech and digital asset company, OSL Group (863.HK), formerly known as BC Technology Group, OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognized by many as the leader in providing comprehensive regulated and licensed digital asset solutions.
OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to the best-in-class digital asset platform, along with a fully regulated liquidity pool. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
As the digital asset industry continues to evolve, so does OSL. OSL’s simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.
For more information, visit: group.osl.com