OSL Group
| Company type | Public |
|---|---|
| Industry | Digital assets, Financial services |
| Founded | 2003 |
| Founder | Bin Fang |
| Headquarters | Hong Kong , Hong Kong |
Key people | Hugh Madden (CEO) |
| Products | Brokerage, digital asset trading platform, over-the-counter transactions, custody solutions for digital assets |
OSL Group is a publicly traded company headquartered in Hong Kong that provides services such as brokerage, a digital asset trading platform, over-the-counter transactions, and custody solutions for digital assets.
History
Established in 2003 under the name BC Technology Group by Bin Fang, OSL has secured funding from investors like Fidelity. The company debuted on the GEM Board of the Hong Kong Stock Exchange in 2013 before moving to the main board in 2015.
OSL ventured into the digital asset sector in 2018. On 15 December 2020, it became the inaugural asset trading platform to receive licensing from Hong Kong’s Securities and Futures Commission. Subsequently, it appointed one of the Big Four accounting firms to serve as its auditor.
In January 2023, Hugh Madden took over as CEO. By August 2023, OSL, alongside HashKey Group, was among the first entities authorized by the Securities and Futures Commission of Hong Kong to operate cryptocurrency exchanges catering to retail investors.
In November 2023, BGX acquired a 30% ownership interest in OSL Group.
Operations
OSL delivers services including brokerage, digital asset exchange operations, OTC trading, and custody of digital assets. Its brokerage offerings cover both OTC and Request for Quote (RFQ) dealings, while its exchange platform supports trading of digital assets. As a custodian, OSL functions as a sub-custodian for spot Crypto ETFs in Hong Kong. Additionally, through its Omnibus arrangement, OSL collaborates with Interactive Broker and Victory Securities.