(Hong Kong, 14 Nov 2023) BC Technology Group (863.HK), the parent company of OSL and Hong Kong’s only publicly listed company fully dedicated to digital assets, is thrilled to announce a significant investment by BGX, a progressive leader in cryptocurrency services. This strategic subscription of new shares under a specific mandate, when approved by shareholders, will mark a pivotal moment in the journey of BC Technology Group and its wholly-owned subsidiary OSL, signalling a new era of growth and innovation in the digital asset space.
Strategic Investment Highlights:
Investment by BGX: BGX has agreed to subscribe for shares in BC Technology Group for an investment amount of approximately HK$710 million Hong Kong Dollars. This strategic investment is a clear endorsement of OSL's vision to lead the regulated evolution of the digital asset market.
Commitment to Excellence and Innovation: This strategic transaction is a testament to OSL’s unwavering commitment to setting new standards in digital asset security, compliance, and technological innovation.
Strategic Alignment and Synergy: The partnership with BGX, renowned for its global digital asset footprint, represents a powerful synergy with OSL's commitment to offering secure and regulated access to digital assets, enhancing the platform's robust offerings.
The transaction is subject to shareholder approval.
“We are immensely proud of this strategic partnership with BGX," said Hugh Madden, CEO of BC Technology Group. "This investment by BGX not only bolsters our capital strength but also introduces a forward-thinking collaborator in the realm of regulated digital asset services, furthering our mission to innovate and expand in the digital asset market. It's a significant endorsement of our strategy to lead with regulation and compliance, enabling us to continue offering our institutional, professional, and retail investors the best-in-class digital asset services.”
Patrick Pan, CEO of BGX, remarked, "Our investment in BC Technology Group and OSL is a strategic move that reflects our belief in the immense potential of the digital asset market. We are confident that this partnership will not only strengthen BGX's global presence but also enhance the growth trajectory of the digital asset industry."
About BGX
BGX (bgx.com) is a crypto group that aims to offer an innovative platform that allows institutional and retail investors to seek investment opportunities in crypto anywhere, anytime.
For more information, visit bgx.com.
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.
Press enquiries