The Hong Kong Securities and Futures Commission has approved Bitcoin and Ethereum spot ETF. OSL has been appointed as the trading platform and custodian for CSOP Global and Huaxia Fund's virtual asset

Zhitong
2024.04.15 09:40
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OSL Group announced that its digital asset trading platform has been appointed as the virtual asset trading and custody partner for Jia Shi International and Huaxia Fund, and plans to launch the first spot Bitcoin/Ethereum ETF. This will make Hong Kong one of the leading markets globally, attracting a large amount of funds and investors into the digital asset market

According to the Zhītōng Finance APP, on April 15th, OSL Group (00863) announced that its digital asset trading platform, "OSL Digital Securities Limited," has been appointed as the first virtual asset trading platform and custodian partner for Jia Shi International to support its first spot Bitcoin/Ethereum Exchange Traded Fund (ETF) in Hong Kong, which has received preliminary approval and is planned to be launched. On the same day, OSL Group announced that "OSL Digital Securities Limited" has become the first virtual asset trading and custodian partner for Huaxia Fund, providing support for its first spot Bitcoin and Ethereum ETF in Hong Kong.

The launch of spot Bitcoin/Ethereum ETFs has attracted global attention as an innovative investment tool for a large amount of funds and investors entering the digital asset market. These ETFs greatly simplify the investment process in digital assets such as Bitcoin and increase liquidity, making it easier for investors to enter the digital asset market.

The introduction of spot Bitcoin and Ethereum ETFs in Hong Kong positions itself as a leading market globally, alongside countries like Canada, Germany, and Switzerland. With reference to the experience of the US spot Bitcoin ETF attracting over $12.53 billion in funds, the Hong Kong market has tremendous growth potential.

Pan Zhiyong, Chairman and CEO of OSL Group, stated, "We are very pleased to see the preliminary approval of this project being realized, marking a groundbreaking development in the ETF market. We are honored to play a key role at this historic moment and express our gratitude to Jia Shi International and Huaxia Fund for choosing OSL as their first virtual trading and custodian partner. OSL being selected as the first virtual trading and custodian partner not only further solidifies our position in the industry but also confirms OSL's leading position in the digital asset market in Hong Kong, similar to how leading issuers in the US fund industry have chosen well-known platforms like Coinbase."

As the only listed company in Hong Kong focusing on digital assets, OSL Group stands out in the industry with its comprehensive compliance operating model, rich operational experience, and good market reputation. OSL has successfully passed the SOC 2 Type 2 audit certification, demonstrating its excellent security standards. Leveraging its innovative B2B2C model and institutional-level services, OSL plays a core role in driving the future development of digital asset investment in Hong Kong

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