(Hong Kong - 1 November, 2023) – Following the recent announcement by Harvest Global Investments (HGI) and OSL, the world's first SFC-licensed and insured digital asset platform of the Memorandum of Understanding and collaboration to develop tokenised financial products in Hong Kong, OSL and Harvest have noted the SFC's support for tokenisation of retail investment products. OSL is pleased to announce that a proposal has been jointly submitted to the SFC to explore tokenisation of retail fund products (“Fund Tokens”) with a view to complying with the regulatory guidance provided by the SFC.
Charting a new course, if the SFC grants authorisation, these Fund Tokens will be made available to retail investors in Hong Kong. The Fund Tokens represent shares in a cutting-edge collective investment scheme under the Harvest-OSL brand, managed by HGI. Renowned for its strategic investment prowess, HGI continues to stand at the forefront of financial innovation. The Fund Tokens are poised to be accessible exclusively via OSL Digital Securities, the premier licensed digital asset trading platform in the region.
"Harvest and OSL's collaboration has been deeply invested in crafting the Fund Tokens - a testament not only to our commitment but also as a tangible embodiment of the potential within tokenised financial products. We have committed to facilitating the SFC's exploratory process to ensure the Fund Tokens are poised for a timely introduction to the market," shared Ken Lo, Deputy Chairman from BC Group.
Furthering this sentiment, Lo remarked, "The unequivocal backing from the Hong Kong Government and the SFC for the burgeoning regulated virtual asset space and tokenised asset development is immensely encouraging. Our collaborative efforts in product innovation and regulatory compliance signify a landmark not only for OSL and Harvest but as a pivotal moment for digital finance in Hong Kong."
The initiative promises to harness the transformative power of blockchain technology to offer investors a seamless, secure, and regulatory-compliant avenue to partake in the digital finance revolution.
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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