Listing Fee Policy

The listing process at OSL Digital Securities Limited (“OSL”) is designed to ensure compliance with the regulatory framework for a licensed Virtual Asset Trading Platforms. Engagement commences with due diligence and establishment of commercial terms through a listing agreement and/or term sheet. Key terms addressed, including but not limited to, listing fee, marketing campaign contributions, market making requirements, regulatory requirements, and the target listing date. 

Financial obligations are triggered only upon the mutual execution of formal listing agreement. Commencement of the engagement or payment of any fees does not constitute a guarantee of successful listing. OSL retains sole and absolute discretion to reject any application at any stage without liability.

Listing Fee

Upon successful completion of the review process and prior to the commencement of trading, an applicant is required to settle a one-time listing fee. This fee is variable and is calculated based on the technical integration complexity, the intensity of regulatory scrutiny, and the aggregate resources required to maintain the safety and integrity of the platform.  

Fee Determination Framework

OSL utilises a multi-dimensional framework to determine the listing fee, ensuring that costs are proportionate to the complexity of the asset: 

• Regulatory Classification and Legal Complexity: Fees reflect the degree of regulatory obligations associated with the asset class (e.g. utility tokens, security tokens, or complex hybrid instruments). Assets requiring novel legal opinions, bespoke compliance frameworks, or extensive consultation with the regulators will generally incur higher fees due to the increased involvement of legal counsel and compliance overhead.

• Technical and Operational Sophistication: The technical workload is driven by the asset’s ecosystem, including governance models, tokenomics, staking mechanisms, or multi-chain dependencies. Assets with non-standard smart contracts or unique settlement requirements necessitate deeper technical validation and security auditing.

• Due Diligence and Compliance: OSL maintains rigorous institutional standards for admission. Fees account for the forensic analysis required to verify beneficial ownership, project financial health, and the viability of the underlying business model, particularly for projects involving complex cross-border structures.

• Third-Party Costs: Where OSL requires external validation, such as specialised smart contract audits, independent technical feasibility reports, or specific Hong Kong legal opinions, these pass-through costs are factored into the total fee.

• Liquidity and Ecosystem Support: To ensure market depth and community engagement, OSL may require an allocation of the token supply for liquidity provision, launchpool incentives, or promotional activities. These allocations are managed in accordance with regulatory requirements in connection with market integrity.

Fee Range

The formal quote will be provided to the applicant following the preliminary assessment. OSL’s listing fee generally range from USD 50,000 to USD 500,000 (or equivalent). This comprehensive range includes OSL’s core listing fee, as well as the mandatory capital allocation for market making, liquidity provision, chain integration, promotional activities, third-party auditing, and other operational requirements.

OSL reserves the right to amend this Listing Fee Policy at any time to reflect changes in the regulatory landscape, market conditions, or operational costs. All fee adjustments, waivers, and listing decisions are subject to OSL’s final internal approval and regulatory non-objection. OSL assumes no liability for any delays or cancellations arising from changes in law or regulatory mandates.