Meitu Partners With OSL Digital Securities to Execute USD10 Million Bitcoin Transaction
OSL is proud to announce that its SFC-licensed digital asset brokerage, OSL Digital Securities, acted as the trade execution and custody partner for Hong Kong-listed Meitu, Inc. (HKEX: 1357) (Meitu) and facilitated its latest digital asset treasury transaction, a purchase of approximately 175 units of Bitcoin with a total value of USD10 million.
The transaction follows OSL Digital Securities’ 15 March 2021 “go-live” with execution of the first customer trades via its licensed trading desk. OSL Digital Securities became the first and only firm to receive a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets (digital assets) from the Hong Kong Securities and Futures Commission (SFC) on 15 December 2020.
OSL Digital Securities was selected as the trade execution and custody partner for the Meitu transaction on the strength of its institutional-grade regulatory compliance and security.
“Friction in investing in digital assets such as cryptocurrencies is reducing rapidly with clearer regulatory frameworks and seasoned professionals joining the blockchain industry from the traditional financial sector,” said Meitu Chief Financial Officer Gary Ngan. “As a Hong Kong Listed Company, we are excited to work with OSL Digital Securities which is the first digital asset exchange licensed by the SFC.”
About OSL
Backed by Asia’s leading public fintech and digital asset company, OSL Group (863.HK), formerly 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 recognised 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 global liquidity through its best-in-class digital asset platform. 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
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