SFC-Licensed Crypto Trading Platform OSL Goes Liveby Fintech News Hong Kong March 15, 2021
OSL Digital Securities Limited (OSL DS), a SFC-licensed digital asset platform and member of BC Technology Group, announced that it has officially gone live with the execution of the first customer trades via its licensed trading desk.
OSL DS holds a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets from the Hong Kong Securities and Futures Commission (SFC).
The OSL platform utilises a modular interface where institutional and professional investors can buy, sell and securely store digital assets, such as Bitcoin, Ethereum and selected security tokens.
The ‘go-live’ for trading follows an exhaustive and successful trial-use period completed with the participation of trading partners and investors.
OSL said that its “combination of experienced and licensed traders, deep global relationships and advanced technology allow its brokerage to match large institutional blocks across major digital assets”.
OSL had also previously applied to the Monetary Authority of Singapore for a digital asset license under the Payment Services Act.
“Trading and storing digital assets like Bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator — a major milestone in the ongoing institutional adoption of digital assets globally.
We are excited about the prospects for further development of the institutional digital asset market in Hong Kong and being a key contributor to this growing ecosystem. In the near term, we are very pleased by the significant appetite we are seeing from clients who recognise the criticality of trading with a safe, reliable and licensed platform.”
said Wayne Trench, CEO of OSL.
Featured image credit: Edited from Pexels