HONG KONG, June 9, 2022 /PRNewswire/ — OSL Digital Securities, the world’s first Kind 1 and seven Securities and Futures Fee (SFC)-licensed digital asset brokerage and buying and selling platform for skilled traders, and a subsidiary of BC Know-how Group (inventory code: 863 HK), and Interactive Brokers (Nasdaq: IBKR), an automatic international digital dealer, introduced as we speak the appointment of OSL Digital Securities to offer unique digital asset dealing companies for Interactive Brokers in Hong Kong.
A big milestone within the evolution of the Hong Kong digital asset markets, the settlement represents the primary collaboration between one of many largest SFC-regulated on-line brokers serving Hong Kong skilled traders and an SFC-licensed institutional digital asset brokerage and trade. Upon go-live, Interactive Brokers will supply digital asset dealing companies on to its skilled investor buying and selling purchasers in Hong Kong, powered by OSL.
The Hong Kong Financial Authority (HKMA) and the SFC issued a joint round on 28 January 2022, which for the primary time allowed registered establishments and licensed companies to offer digital asset funding companies by partnering solely with SFC-licensed digital asset buying and selling platforms.
“OSL is a world chief in regulatory compliant digital asset buying and selling and custody and we’re thrilled to work with Interactive Brokers,” mentioned OSL CEO Wayne Trench. “Hong Kong has one of many world’s highest concentrations of institutional {and professional} traders, in addition to a transparent regulatory regime round digital belongings, making it the best location for this landmark association as digital belongings proceed to be built-in into the worldwide monetary companies ecosystem.”
“Buyers worldwide are rallying to digital asset markets, and the collaboration with OSL comes at a key second within the improvement of the regulated digital asset ecosystem in Hong Kong,” mentioned David Friedland, Head of APAC at Interactive Brokers. “As traders search dependable counterparties with which to transact, we’re excited to work with an organization like OSL, that has the trade experience to assist us meet the rising wants of our consumer base on this area.”
With the OSL-Interactive Brokers initiative, the joint HKMA-SFC round is proving to be a vital software that’s making a extra aggressive and sturdy digital asset market in Hong Kong, and is prone to speed up the event and acceptance of regulated digital belongings in Asia and globally.
About OSL and BC Know-how Group
BC Know-how Group (inventory code: HK 863) is Asia’s main public fintech and digital asset firm. It’s the guardian firm of OSL, the area’s most complete licensed digital asset platform.
OSL is the world’s first and solely insured and SFC-licensed digital asset platform, offering brokerage, custody, trade and software-as-a-service (SaaS) for institutional purchasers {and professional} traders.
The corporate gives OTC, iRFQ and digital buying and selling companies giving merchants entry to the world’s deepest liquidity swimming pools, in addition to safe and insured wallets to make sure the safekeeping of digital belongings with well timed transaction settlement.
BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting requirements for efficiency, safety and compliance.
For extra info: bc.group and osl.com.
Contact:
[email protected]
About Interactive Brokers Hong Kong Restricted
Interactive Brokers Hong Kong Restricted and its associates present automated commerce execution and custody of securities, commodities and overseas trade across the clock on over 150 markets in quite a few international locations and currencies, from a single unified platform to purchasers worldwide. We service particular person traders, hedge funds, proprietary buying and selling teams, monetary advisors and introducing brokers. Our 4 a long time of deal with expertise and automation has enabled us to equip our purchasers with a uniquely subtle platform to handle their funding portfolios. We try to offer our purchasers with advantageous execution costs and buying and selling, danger and portfolio administration instruments, analysis services and funding merchandise, all at low or no price, positioning them to attain superior returns on investments. For the fifth consecutive 12 months, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022, Greatest On-line Brokers Overview.
SOURCE OSL Digital Securities
