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EQS TodayIR | Last Updated: 13 Jun, 2024 02:01 pm
SEHK: 0863
Change
HKD4.80
-0.66 (-12.09%)
EQS TodayIR | Last Updated: 13 Jun, 2024 02:01 pm

BC Technology Group Announces Strategic Investment by BGX to Propel Digital Asset Innovation

(Hong Kong, 14 Nov 2023) BC Technology Group (863.HK), the parent company of OSL and Hong Kong’s only publicly listed company fully dedicated to digital assets, is thrilled to announce a significant investment by BGX, a progressive leader in cryptocurrency services. This strategic subscription of new shares under a specific mandate, when approved by shareholders, will mark a pivotal moment in the journey of BC Technology Group and its wholly-owned subsidiary OSL, signalling a new era of growth and innovation in the digital asset space.

Strategic Investment Highlights:

  • Investment by BGX: BGX has agreed to subscribe for shares in BC Technology Group for an investment amount of approximately HK$710 million Hong Kong Dollars. This strategic investment is a clear endorsement of OSL’s vision to lead the regulated evolution of the digital asset market.
  • Commitment to Excellence and Innovation: This strategic transaction is a testament to OSL’s unwavering commitment to setting new standards in digital asset security, compliance, and technological innovation.
  • Strategic Alignment and Synergy: The partnership with BGX, renowned for its global digital asset footprint, represents a powerful synergy with OSL’s commitment to offering secure and regulated access to digital assets, enhancing the platform’s robust offerings.

 

The transaction is subject to shareholder approval.

“We are immensely proud of this strategic partnership with BGX,” said Hugh Madden, CEO of BC Technology Group. “This investment by BGX not only bolsters our capital strength but also introduces a forward-thinking collaborator in the realm of regulated digital asset services, furthering our mission to innovate and expand in the digital asset market. It’s a significant endorsement of our strategy to lead with regulation and compliance, enabling us to continue offering our institutional, professional, and retail investors the best-in-class digital asset services.”

Patrick Pan, CEO of BGX, remarked, “Our investment in BC Technology Group and OSL is a strategic move that reflects our belief in the immense potential of the digital asset market. We are confident that this partnership will not only strengthen BGX’s global presence but also enhance the growth trajectory of the digital asset industry.”

END

About OSL and BC Technology Group

Backed by Asia’s leading public fintech and digital asset company, BC Technology Group (863.HK), OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed digital asset solutions.

OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to the best-in-class digital asset platform, along with a fully regulated liquidity pool. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.

As the digital asset industry continues to evolve, so does OSL. OSL’s simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.

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

Press enquiries

[email protected]

About BGX
BGX (bgx.com) is a crypto group that aims to offer an innovative platform that allows institutional and retail investors to seek investment opportunities in crypto anywhere, anytime.

For more information, visit bgx.com.