OSL Digital Securities (OSL), a subsidiary of OSL Group (863.HK), a leading licensed digital asset platform and listed company, announced today that Hong Kong’s first retail tokenized fund, the ChinaAMC Hong Kong Dollar Digital Currency Fund, will be launched on its platform.
The retail fund token issued by China Asset Management (Hong Kong) (China Asset Management Hong Kong) has been approved by the Hong Kong Securities Regulatory Commission to be sold to Hong Kong retail tokenized fund customers and is expected to be officially listed today. Standard Chartered Bank (Hong Kong) will serve as the tokenization agent, digital platform operator and registrar, and Standard Chartered Trust (Hong Kong) will serve as the fund custodian. The fund is the first real world asset (RWA) tokenized fund for retail customers in the Asia-Pacific region, setting an important milestone for the regional market.
As a trusted strategic partner, OSL has been selected as the first batch of qualified fund distributors. With its deep expertise in blockchain and digital assets, OSL will fully support the promotion of the fund and promote its subscription and redemption in the Hong Kong market. Through OSLs leading licensed digital asset platform, retail customers can quickly participate in the buying and selling of funds, and OSL will also leverage its own advantages to ensure that investors can smoothly grasp this new investment opportunity.
OSL Executive Director and Head of Regulatory Affairs Diao Jiajun said: For investors who deploy funds in on-chain assets, how to effectively reduce the risk of holding positions without sacrificing convenience and returns has always been a challenge. Retail and professional investors in Hong Kong deserve a wider range of risk control and liquidity options in digital financial products. Through the OSL platform, users can flexibly mobilize the risk of on-chain investments and achieve more precise asset allocation. We are honored to bring China Asset Managements tokenized products to investors.
Gan Tian, CEO of China Asset Management (Hong Kong) Co., Ltd., said: As the first asset management institution in Asia Pacific to launch a retail tokenized fund, China Asset Management (Hong Kong) has been committed to expanding the strategic investment field of Web3.0. We are very pleased that OSL can cooperate with us as one of the initial distributors to bring this innovative product to investors through its leading virtual asset trading platform.
The World Economic Forum pointed out that tokenization, as a new permission model based on blockchain technology, may change multiple industries and promote the inclusive development of global financial markets. RWA tokenization, which digitally represents assets through blockchain technology, can not only disperse risks, improve transparency and efficiency, but also significantly improve the liquidity and tradability of assets.
About OSL
OSL Group (863.HK, formerly BC Technology Group) is Asia’s leading fintech and digital asset listed company. Its platform is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, the company has a long history in the field and is widely recognized for its comprehensive and regulated digital asset solutions.
OSL provides market services (brokerage, exchange and custody) and software-as-a-service (SaaS) technology solutions, providing global liquidity to institutional, professional and retail investors with the top digital asset trading platforms. OSLs secure and insured wallets ensure safe storage of digital assets and efficient transaction settlement.
As the digital asset industry continues to grow, the company is also evolving. OSL’s simple and tailored services ensure that global clients receive compliant services in the evolving digital asset environment.
For more information, please visit group.osl.com.
