OSL, Asia’s leading digital asset platform and a division of the Fidelity-backed BC Group, is officially licensed by the Hong Kong Securities and Futures Commission.

According to the December 15 announcement, the new license allows OSL Digital Securities to offer regulated brokerage services and automated trading of digital real estate. The news came shortly after SFC agreed in principle to issue an OSL license in August 2020. According to the announcement, OSL successfully passed SFC’s stringent requirements.

At launch, OSL Digital Securities’ digital real estate trading platform will support large digital assets such as Bitcoin (BTC) and Ether (ETH), as well as standalone offerings of security tokens or STO.

The platform will provide security protection for digital assets such as Bitcoin by storing assets in separate wallets from clients. The announcement states that OSL will support anti-money laundering and customer awareness measures in order to reduce the risk of market abuse by monitoring the market.

Matt Long, Director of Distribution and Premiums at OSL, emphasized that licensed firms are the future of digital assets and capital markets. The CEO also emphasized that OSL is the world leader in adopting regulations:

“OSL is now emerging from the competition as an innovator leader as the world’s only Big 4 registered digital asset platform SFC licensed, proven and secured, enabling institutions and professional investors to securely connect to the digital asset economy.”
The report notes that in addition to the Hong Kong licenses, OSL has also applied to the Monetary Authority of Singapore to obtain a digital asset license under the country’s Payment Services Act.

Earlier this year, Fidelity International, a subsidiary of US asset management giant Fidelity Investments, completed a direct investment in BC Group, the Big Four audited company and operator of OSL. Fidelity has bought 17 million shares for 5.6% of the shares, and has invested more than $ 14 million in the company.

Source: CoinTelegraph