Laxman Pai, Opalesque Asia: The Securities and Futures Commission (SFC) announces that it has granted the first license to OSL Digital Securities, a virtual asset trading platform in Hong Kong.
OSL, a member of BC Technology Group, can now conduct Type 1 (dealing in securities) and Type 7 (automated trading service (ATS)) regulated activities in Hong Kong for institutions and professional investors.
"OSL is now the world's first SFC-licensed, listed, digital asset wallet-insured, Big-4 audited digital asset trading platform for institutions and professional investors," said a press release.
The license, which permits OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets, was granted after the company opted into the SFC's virtual asset regime and successfully underwent the SFC's rigorous vetting requirements.
"Upon go-live, OSL Digital Securities will offer customers safe, secure, and compliant trading access to Bitcoin (BTC), Ethereum (ETH) and other high-quality cryptocurrencies, along with select security token offerings (STOs)," it added.
The SFC applies the same heightened level of regulations already governing the securities markets to digital assets, making it one of the most comprehensive and investor-friendly jurisdictions for institutional and professional investors.
"Institutional investment in Bitcoin and other digital assets has rapidly accelerated over the past several years...................... To view our full article Click here
|