Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, June 10 2022 - 00:01
AsiaNet
OSL Digital Securities and Interactive Brokers Sign Agreement, OSL to Provide Exclusive Virtual Asset Services for Interactive Brokers in Hong Kong
HONG KONG, June 9, 2022 /PRNewswire-AsiaNet/ --

OSL Digital Securities, the world's first Type 1 and 7 Securities and Futures 
Commission (SFC)-licensed digital asset brokerage and trading platform for 
professional investors, and a subsidiary of BC Technology Group (stock code: 
863 HK), and Interactive Brokers (Nasdaq: IBKR), an automated global electronic 
broker, announced today the appointment of OSL Digital Securities to provide 
exclusive virtual asset dealing services for Interactive Brokers in Hong Kong.

A significant milestone in the evolution of the Hong Kong digital asset 
markets, the agreement represents the first collaboration between one of the 
largest SFC-regulated online brokers serving Hong Kong professional investors 
and an SFC-licensed institutional digital asset brokerage and exchange. Upon 
go-live, Interactive Brokers will offer virtual asset dealing services directly 
to its professional investor trading clients in Hong Kong, powered by OSL.

The Hong Kong Monetary Authority (HKMA) and the SFC issued a joint circular on 
28 January 2022, which for the first time allowed registered institutions and 
licensed corporations to provide digital asset investment services by 
partnering only with SFC-licensed virtual asset trading platforms.

"OSL is a global leader in regulatory compliant digital asset trading and 
custody and we're thrilled to work with Interactive Brokers," said OSL CEO 
Wayne Trench. "Hong Kong has one of the world's highest concentrations of 
institutional and professional investors, as well as a clear regulatory regime 
around digital assets, making it the ideal location for this landmark 
arrangement as digital assets continue to be integrated into the global 
financial services ecosystem."

"Investors worldwide are rallying to digital asset markets, and the 
collaboration with OSL comes at a key moment in the development of the 
regulated digital asset ecosystem in Hong Kong," said David Friedland, Head of 
APAC at Interactive Brokers. "As investors seek reliable counterparties with 
which to transact, we are excited to work with a company like OSL, that has the 
industry expertise to help us meet the growing needs of our client base in this 
region."

With the OSL-Interactive Brokers initiative, the joint HKMA-SFC circular is 
proving to be a critical tool that is creating a more competitive and robust 
digital asset market in Hong Kong, and is likely to accelerate the development 
and acceptance of regulated digital assets in Asia and globally.

About OSL and BC Technology Group

BC Technology Group (stock code: HK 863) is Asia's leading public fintech and 
digital asset company. It is the parent company of OSL, the region's most 
comprehensive licensed digital asset platform.

OSL is the world's first and only insured and SFC-licensed digital asset 
platform, providing brokerage, custody, exchange and software-as-a-service 
(SaaS) for institutional clients and professional investors.

The company offers OTC, iRFQ and electronic trading services giving traders 
access to the world's deepest liquidity pools, as well as secure and insured 
wallets to ensure the safekeeping of digital assets with timely transaction 
settlement.

BC Group and the OSL platform are enabling institutional adoption of the 
digital asset class, setting standards for performance, security and compliance.

For more information: bc.group(http://bc.group/) and 
osl.com(http://www.osl.com/).

Contact:
media@osl.com

About Interactive Brokers Hong Kong Limited

Interactive Brokers Hong Kong Limited and its affiliates provide automated 
trade execution and custody of securities, commodities and foreign exchange 
around the clock on over 150 markets in numerous countries and currencies, from 
a single unified platform to clients worldwide. We service individual 
investors, hedge funds, proprietary trading groups, financial advisors and 
introducing brokers. Our four decades of focus on technology and automation has 
enabled us to equip our clients with a uniquely sophisticated platform to 
manage their investment portfolios. We strive to provide our clients with 
advantageous execution prices and trading, risk and portfolio management tools, 
research facilities and investment products, all at low or no cost, positioning 
them to achieve superior returns on investments. For the fifth consecutive 
year, Barron's ranked Interactive Brokers #1 with 5 out of 5 stars in its March 
25, 2022, Best Online Brokers Review. 

Source: OSL Digital Securities