OSL Declares to Release Security Tokens for Specialized Investors
The 1st crypto exchange based in Hong Kong, OSL, turns into the earliest broker of digital assets with a license provided by SFC. The platform declared today that it will now onwards offer the professional investors the security tokens within the jurisdiction of Hong Kong through a security token offering (STO) that would be private.
OSL to Offer Security Tokens to Proficient Investors
The members included in the respective offering take into account Monmonkey Group Asset Management Limited, Volmart, China Fortune Financial Group Limited, Head & Shoulders Financial Group, and Animoca Brands. The STO represents an exclusive ‘proof-of-concept’ for investment into digital assets that are regulated under standards specified by the authorities of the country.
This makes it possible for a unique market to distribute as well as release the tokenized securities via licensed mediators throughout Hong Kong as well as provides a standard for STOs in the worldwide industry of digital assets. Every token denotes a proportion (comprising USD10,000) of a coupon-rate US-dollar bond that is linked to Bitcoin. The respective bond was released on the behalf of BC Technology Group (BC Group) – the parent firm of OSL – which has additionally operated as the bond guarantor.
Platform Aims to Revolutionize Crypto World with STOs
To develop these tokens, the Ethereum blockchain has been utilized with the provision of a 3-month tenor along with a stable as well as a bonus coupon connected to the performance of Bitcoin. End-to-end services are provided by OSL for the transactions of the STOs, and the venue also works as a trading platform, tokenization technology collaborator, calculation agent, registrar, transfer agent, paying and fiscal agent, as well as placing agent.
Yat Siu – the Executive Chairman and co-founder of Animoca Brands – stated that the industry of digital assets (especially tokenized securities and Web3) is evolving and reforming conventional financial services. Similar to the rest of the digital assets such as NFTs, STOs are capable of generating exclusive markets as well as distribution channels along with the provision of improved rights in the case of digital property for the market members.
He added that they are enthusiastic to be a part of this project which counts as a worldwide leader within the sector with being licensed to provide brokerage facilities within Hong Kong. Wayne Trench – the CEO of OSL – asserted that the STO transfer of OSL is categorized as a beneficial model for the distribution and issuance of security tokens on the behalf of the regulated operators.
