OSL Exchange CEO Discusses Expansion Plans After Historic Year in Hong Kong

The exchange received regulatory approval to offer cryptocurrency trading to retail investors in Hong Kong last August.

Following Hong Kong regulators’ historic approval of retail cryptocurrency trading last August, cryptocurrency exchanges HashKey and OSL became the first companies to be licensed under the new regulations. Regulation has been a huge boon to both companies. The publicly listed OSL exchange, previously known as BC Technology Group, secured a $90 million investment shortly thereafter. In its most recent financial report, the company disclosed revenue of HK$105 million ($13.4 million) from its digital asset and blockchain platform business, up 1,767% from the same period in the first half of 2022.

OSL CEO Patrick Pan revealed in an exclusive interview with Cointelegraph that the exchange plans to list the altcoin once it receives approval from the local Securities and Futures Commission (SFC). “We are always looking for opportunities to strengthen our product line, but decisions to list new assets or products will be made in strict compliance with regulatory guidelines and market demand,” Pan said.

In addition to altcoins, Pan said the company is currently exploring a fund token initiative for the tokenization of retail fund products. “Once approved by the SFC, these fund tokens, which represent shares of a new collective investment scheme under the Harvest-OSL brand, will be available to retail investors in Hong Kong,” the CEO said.

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Source: https://cointelegraph.com/news/osl-exchange-ceo-discusses-expansion-plans-after-historical-year-in-hong-kong