OSL and Harvest Global Investments Forge Ahead with Tokenisation of Retail Fund Products in Landmark SFC Submission

(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

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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