OSL launches Asset Management Business Targeting Investments in Blockchain Solutions, AI and Web 3.0

(Hong Kong, May 9, 2023) – OSL Asset Management Limited (“OSLASM”), a wholly-owned subsidiary of BC Technology Group (863.HK), has announced today that it has been granted a licence by the Securities and Futures Commission (“SFC”) to conduct Types 1, 4 and 9 regulated activities in Hong Kong, and will launch its first fund in the coming months. OSLASM’s inaugural product offering will concentrate on unlocking new opportunities in the rapidly growing sectors of blockchain solutions, artificial intelligence (AI), and Web 3.0 technologies.

Unique Deal Flow and Digital Asset Business Expertise

As the first virtual asset trading service platform licensed by SFC in Hong Kong, OSL has access to unique deal flow and brings extensive experience in operating a digital asset business. OSLASM leverages OSL’s unique capabilities in digital asset and global connectivity to evaluate potential investments and generate long-term sustainable value by investing in private equity of emerging companies where AI and blockchain capabilities enhance investment returns.

Innovative Investment Solutions 

OSL is in a unique position to employ innovative deal-making, product structuring and distribution as it is one of only two entities currently licensed in Hong Kong to facilitate security token offerings, trading and dealing. 

“We are thrilled to have received the Type-9 asset management license, which reflects our commitment to compliance and excellence in the digital asset space. This achievement empowers us to explore new frontiers in blockchain and AI, creating value for our clients and shaping the future of the industry,” said Ken Lo, Deputy Chairman of BC Group.

The launch of OSLASM revolves around building a more efficient, transparent, and secure digital asset ecosystem. By combining blockchain and AI, the company seeks to develop innovative solutions to tackle complex challenges and transform the business landscape. 

“Our goal is to be at the forefront of the blockchain and AI revolution, pioneering new solutions that redefine the investment landscape. We believe that by harnessing the power of these technologies, we can unlock unprecedented opportunities for growth, collaboration, and value creation,” added Lo.

With the Type-9 license in hand, OSL is well-positioned to expand its offerings and reinforce its status as a leading digital asset platform. The company’s relentless pursuit of innovation, coupled with its commitment to compliance and security, sets the stage for a promising future in the blockchain, AI, and Web 3.0 space.