OSL Digital Securities and Interactive Brokers Sign Agreement, OSL to Provide Interactive Brokers Exclusive Virtual Asset Services in Hong Kong

HONG KONG, June 9, 2022 /PRNewswire/ — OSL Digital Securities, the world’s first Type 1 and Type 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, today announced the appointment of OSL Digital Securities to provide exclusive virtual asset trading services to Interactive Brokers Hong Kong.

A significant milestone in the development of the Hong Kong Digital Asset Markets, the agreement represents the first collaboration between one of the largest SFC regulated online brokers in operation Hong Kong professional investors and an SFC-licensed institutional digital asset brokerage and exchange. Upon going live, Interactive Brokers will offer virtual asset trading services directly to its professional investor trading clients Hong Kongoperated by OSL.

The Hong Kong Monetary Authority (HKMA) and the SFC have issued a joint circular January 28, 2022which for the first time enabled registered institutions and licensed companies to offer digital asset investment services by working only with SFC-licensed virtual asset trading platforms.

“OSL is a global leader in compliant digital asset trading and custody, and we are excited to be working with Interactive Brokers,” said OSL’s CEO Wayne Trench. “Hong Kong has one of the world’s highest concentrations of institutional and professional investors and a clear regulatory regime for digital assets, making it the ideal location for this landmark agreement as digital assets continue to be integrated into the global financial services ecosystem.”

“Investors worldwide are flocking to the digital asset markets, and the collaboration with OSL comes at a crucial time in the evolution of the regulated digital asset ecosystem Hong Kong,” said David Friedland, Head of APAC Region at Interactive Brokers. “As investors seek reliable counterparties for transactions, we are pleased to partner 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 crucial tool that will create a more competitive and resilient digital asset market Hong Kongand should accelerate the development and acceptance of regulated digital assets Asia and global.

About OSL and the BC Technology Group

BC Technology Group (stock code: HK 863). Asia 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 that provide traders with access to the world’s deepest liquidity pools and secure and insured wallets to ensure safekeeping of digital assets with timely transaction processing.

BC Group and the OSL platform enable institutional adoption of the digital asset class and set standards for performance, security and compliance.

For more information: bc.group and osl.com.

Contact:
[email protected]

About Interactive Brokers Hong Kong Limited

Interactive Brokers Hong Kong Limited and its affiliates provide clients with automated 24/7 trade execution and custody in securities, commodities and foreign exchange in over 150 markets across multiple countries and currencies from a single unified platform. We serve individual investors, hedge funds, proprietary trading groups, financial advisers and introducing brokers. Our four decades of focus on technology and automation has enabled us to provide our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution pricing and trading, risk and portfolio management tools, research facilities and investment products at low or no cost to position them to achieve superior investment returns. For the fifth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 stars out of 5 March 25, 2022Rating of the best online brokers.

SOURCE OSL Digital Securities

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