The exchange received regulatory approval to offer crypto trading to Hong Kong retail investors last August.
After the historical approval of retail crypto trading by Hong Kong regulators last August, crypto exchanges HashKey and OSL became the first pair of firms to be licensed under the new rules. Regulation has greatly benefited both firms. The publicly-listed OSL exchange, formerly known as BC Technology Group, secured a $90 million investment shortly thereafter. In its most recent financial report, the company disclosed revenue of 105 million Hong Kong dollars ($13.4 million) from digital assets and blockchain platform business, up 1767% from the same period in 1H2022.
During an exclusive interview with Cointelegraph, Patrick Pan, CEO of OSL, said that the exchange plans to list altcoins as soon as they are approved by the region's Securities & Futures Commission (SFC). "While we are always looking for opportunities to enrich our product suite, any decision to list new assets or products will be made in strict adherence to regulatory guidelines and market demand," said Pan.
In addition to altcoins, Pan said that the firm is currently exploring a Fund Token initiative for the tokenization of retail fund products. "If authorized by the SFC, these Fund Tokens, representing shares in a novel collective investment scheme under the Harvest-OSL brand, will be available to retail investors in Hong Kong," the CEO stated.
