OSL Asset Management Gets A License In Hong Kong To Invest In Web3, Blockchain

Key Points:

• The SFC has awarded OSL Asset Management Ltd a license to perform Types 1, 4, and 9 regulated operations in Hong Kong.
• The company will create its first fund with a focus on blockchain solutions, artificial intelligence, and Web3 technology.
• It also has access to exclusive transaction flow and vast expertise running a digital asset company.

OSL Asset Management Ltd (OSLASM), a Hong Kong-based digital asset platform, said that it had secured a license from the local Securities and Futures Commission (SFC) to supply blockchain, artificial intelligence, and Web3 investing products in technology.

According to OSL, the license authorizes the business to conduct Types 1, 4, and 9 regulated activities in Hong Kong, which include securities dealing, securities consulting, and asset management.

Being the first SFC-licensed virtual asset trading service platform in Hong Kong, OSL has access to a unique transaction flow and substantial expertise in running a digital asset company.

OSLASM uses OSL’s unique digital asset and global connection skills to analyze possible investments and build long-term sustainable value by investing in private equity of developing firms where AI and blockchain capabilities boost investment returns.

Ken Lo, Deputy Chairman of BC Group, the parent company of OSL, stated:

“We are thrilled to have received the Type-9 asset management license, which reflects our commitment to compliance and excellence in the digital asset space. This achievement empowers us to explore new frontiers in blockchain and AI, creating value for our clients and shaping the future of the industry.”

OSL Asset Management intends to concentrate its inaugural fund on private equity investments in blockchain, artificial intelligence, and Web3 technologies.

In the following months, the company will create its first fund, with a focus on blockchain solutions, artificial intelligence, and Web3 technology. It has access to unique deal flow and considerable expertise in managing a digital asset company as the first virtual asset trading service platform approved by the SFC in Hong Kong.

Hong Kong is drafting new laws for crypto exchanges and service providers, including a licensing framework that will go into effect in June, as part of the city’s effort to recover its place as Asia’s blockchain and crypto powerhouse.

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Harold

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