New guidance from regulators allows licensed brokers and banks to offer digital asset trading services exclusively with licensed digital asset trading platform providers
Hong Kong – 28 January 2022 – The Hong Kong Monetary Authority (HKMA) and the Hong Kong Securities and Futures Commission (SFC) issued a joint circular today, allowing registered institutions and licensed corporations to provide digital asset investment services by partnering only with SFC-licensed virtual asset trading platforms.
This joint announcement is a critical tool which will help create competitive digital asset markets in Hong Kong and will accelerate the development and acceptance of regulated digital assets in Asia and globally.
The clarity provided by the circular will increase the demand for digital assets in Hong Kong from licensed asset managers, banks and brokers, allowing these companies to securely onboard into the rapidly growing digital asset ecosystem. It’s not just regulated brokers and private banks in Hong Kong that will benefit from this change – this is a blueprint for operators and investors in the regional regulated digital asset ecosystem.
As an SFC-regulated digital asset platform, regulatory compliance and customer safety is built into OSL’s DNA. OSL and BC Group strongly support the policies and procedures in this circular as well as those set forth by the SFC in reference to regulated digital assets over the past several years.
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.
OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC 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 offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.
For more information, visit osl.com.
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