(Hong Kong, 28 October 2024) – OSL Digital Securities , a leading regulated digital asset platform and a member of OSL Group (863.HK), today announced its participation in the Ensemble Sandbox - the Hong Kong Monetary Authority's (HKMA) sandbox to advance interbank settlement using experimental tokenised money against transactions involving tokenised assets. OSL will conduct proof-of-concept distribution of tokenised fund products issued by global investment management firm Franklin Templeton.
Project Ensemble seeks to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through wholesale central bank digital currency (wCBDC). As a Sandbox participant, OSL will conduct proof-of-concept distribution of Franklin Templeton's on-chain wealth management products, including money market fund tokens. This has the potential to revolutionise asset management by providing greater transparency, efficiency, and accessibility for investors.
Gary Tiu, Head of Regulatory Affairs at OSL, said, "OSL is proud to be part of Project Ensemble, contributing to Hong Kong's innovative drive as a leading hub for the future of digital finance. By working with Franklin Templeton, a global leader in asset management, we are leveraging our deep roots and expertise in the regulated digital asset ecosystem to help accelerate the move towards on-chain management of personal wealth."
Roger Bayston, Head of Digital Assets at Franklin Templeton commented, "We are excited to partner with OSL and HKMA to unlock the potential of asset tokenisation and explore the distribution of tokenised products in Hong Kong through Project Ensemble. This important initiative also reinforces our commitment to supporting fintech innovation and fostering a vibrant digital ecosystem in Hong Kong."
The involvement of OSL and Franklin Templeton within Project Ensemble represents a significant step in driving the development of Hong Kong's tokenisation market, addressing the needs of modern investors and setting the stage for the future of digital finance in the region.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over US$1.6 trillion in assets under management as of September 30, 2024.
For more information, please visit www.franklinresources.com and follow us on LinkedIn, Twitter and Facebook.
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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