OSL is proud to announce that its SFC-licensed digital asset brokerage, OSL Digital Securities, acted as the trade execution and custody partner for Hong Kong-listed Meitu, Inc. (HKEX: 1357) (Meitu) and facilitated its latest digital asset treasury transaction, a purchase of approximately 175 units of Bitcoin with a total value of USD10 million.
The transaction follows OSL Digital Securities’ 15 March 2021 “go-live” with execution of the first customer trades via its licensed trading desk. OSL Digital Securities became the first and only firm to receive a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets (digital assets) from the Hong Kong Securities and Futures Commission (SFC) on 15 December 2020.
OSL Digital Securities was selected as the trade execution and custody partner for the Meitu transaction on the strength of its institutional-grade regulatory compliance and security.
“Friction in investing in digital assets such as cryptocurrencies is reducing rapidly with clearer regulatory frameworks and seasoned professionals joining the blockchain industry from the traditional financial sector,” said Meitu Chief Financial Officer Gary Ngan. “As a Hong Kong Listed Company, we are excited to work with OSL Digital Securities which is the first digital asset exchange licensed by the SFC.”
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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