OSL携瑞银完成全港首次投资级代币化权证分销模拟
(Hong Kong, February 7, 2024) OSL Group (863.HK, formerly known as BC Technology Group), as the only listed company in Hong Kong focusing on digital assets, its subsidiary OSL Digital Securities Co., Ltd. (hereinafter referred to as OSL) today announced its participation UBS Group AG’s investment-grade tokenized warrants are issued in Hong Kong and serve as a mock sale pilot. This project consists of UBS Group issuing stock-linked subscription warrants to OSL Digital Securities Co., Ltd. based on the Ethereum public chain.
In this groundbreaking initiative that promises to transform Hong Kong’s digital asset landscape, OSL, which focuses on innovation, performance, security and compliance, will join forces with UBS to launch the region’s first investment-grade tokenized warrants.
Industry first: Equity-linked tokenized warrants will enter the Hong Kong digital asset market
Pan Zhiyong, Chairman and CEO of OSL Group, said: “We are honored to work with UBS’s blockchain team and product experts as OSL is simulating the entire product life cycle of equity-linked structured product tokens, from token mint to simulation secondary market trading, until the tokens are ultimately destroyed upon expiry. With the issuance of this investment-grade tokenized financial product, Hong Kong’s regulated virtual assets market environment has passed another important milestone.”
Zhuo Suhua, executive director of Asia Derivatives Sales at UBS, said about the transaction: UBS has launched tokenized warrants, strengthening its leading position as a derivatives product issuer in Hong Kong*. This innovative product is Established in a public blockchain permissioned environment, it can enhance transparency, reduce transaction fees, simplify settlement procedures, and provide greater flexibility in trading periods.
Pan Zhiyong added: This is an important step in the development of Hong Kongs digital asset market supervision and compliance. In this rapidly changing industry, product innovation is important, but being able to promote its products with a suitable model is equally critical to improving industry standards. It cannot be ignored. This not only represents the development of OSL, but also highlights the importance of continuous breakthroughs and new standards in the digital asset market, demonstrating the practical application value of blockchain technology. We look forward to continued cooperation with UBS to leverage blockchain Technology enhances the distribution of investment products in Asia and unlocks the innovative potential of this technology.
This cooperation between OSL and UBS not only marks an important step taken by both parties in promoting cutting-edge financial products, but also lays a solid foundation for future innovation and continues to promote the development of the digital asset field.。
*Source: HKEX data, #1 Market share from 2021 to 2022 based on net notional value of warrants and CBBCs sold.
About OSL
OSL Group (863.HK, formerly known as BC Technology Group) is Asias leading financial technology and digital asset listed company. Its platform is the worlds first digital asset platform licensed and insured by the Hong Kong Securities Regulatory Commission. Founded in 2018, the company has a long history in related fields, and its comprehensive and regulated digital asset solutions are also recognized by the industry.
OSL provides market services (brokerage, exchange and custody) and software as a service (SaaS) technology solutions, providing first-class digital asset platform trading services and fully compliant capital pools to institutional, professional and retail investors. OSLs secure and insured wallet ensures safe storage of digital assets and timely transaction settlement.
As the digital asset industry continues to develop, the company continues to make progress. OSLs simple and tailor-made services ensure that global customers receive compliant services in the evolving digital asset environment.
