News Report Technology
December 01, 2023

BC Technology’s OSL Partners Victory Securities for Hong Kong Retail Digital Asset Trading

BC Technology's OSL Partners Victory Securities for Hong Kong Retail Digital Asset Trading

Hong Kong-listed investment holding company BC Technology announced the expansion of its partnership between licensed virtual asset trading platform OSL Digital Securities and Victory Securities to the Hong Kong retail market.

Approved by the Securities and Futures Commission (SFC) of Hong Kong, the partnership will offer Bitcoin and Ethereum trading services to retail clients of Victory Securities through OSL’s platform.

This collaboration aims to serve as a gateway for investors entering the dynamic realm of digital assets, reflecting both companies’ continuous efforts to integrate traditional financial services with the digital asset market. The initiative will leverage OSL’s technological and regulatory expertise in conjunction with Victory Securities’ extensive client network, facilitating access for investors exploring digital assets.

Victory Securities is the first licensed corporation in Hong Kong approved by the SFC to extend virtual asset trading and consulting services to retail investors. Previous collaboration between OSL and Victory Securities was limited solely to professional investors.

Hong Kong’s Virtual Asset Sector is Growing

The virtual asset landscape in Hong Kong is undergoing rapid expansion, supported by the government’s proactive approach to nurturing a thriving environment for virtual assets in the city.

The SFC has introduced various regulatory rules and guidelines applicable to diverse virtual asset service providers. These provisions, inclusive of measures enabling retail investors to access SFC-regulated Virtual Asset Trading Platforms, are fostering numerous business opportunities and propelling sustained market growth in the virtual asset sector.

Recently, Interactive Brokers, one of the world’s largest brokerage firms, has also entered the crypto trading arena for retail clients in Hong Kong. Collaborating with OSL, this move allowed Interactive Brokers’ Hong Kong clientele to hold Bitcoin and Ethereum alongside traditional assets such as stocks, derivatives, commodities, forex, and others within their personal accounts.

OSL Digital Securities and Victory Securities collaboration serves as a gateway to the digital asset space, reflecting an integration initiative between traditional financial services and digital assets. While Hong Kong’s virtual asset landscape is rapidly expanding, the SFC creates a favorable environment introducing regulatory rules and measures for retail investors to access SFC-regulated trading platforms, fostering business opportunities and continuous market growth.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at [email protected]

More articles
Alisa Davidson
Alisa Davidson

Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at [email protected]

Hot Stories
Join Our Newsletter.
Latest News

NFTs & Mining: A Digital Synergy

The rise in usage of the non-fungible tokens has changed the way we see and engage with ...

Know More

AI in Crypto

Explore the ever-evolving realm of artificial intelligence within the cryptocurrency sphere. Discover the transformative impact of AI ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Nigeria Demands $10 Billion in Damages from Binance Amid Crypto Crackdown
Business News Report
Nigeria Demands $10 Billion in Damages from Binance Amid Crypto Crackdown
March 1, 2024
Renzo Partners with Connext to Launch Cross-Chain Restaking Natively on Arbitrum
Business News Report
Renzo Partners with Connext to Launch Cross-Chain Restaking Natively on Arbitrum
March 1, 2024
Generative AI and Computing Innovations will Reshape Commerce Over the Next Three Years, claims Mastercard
Opinion Technology
Generative AI and Computing Innovations will Reshape Commerce Over the Next Three Years, claims Mastercard
March 1, 2024
Worldcoin Enhances World ID Protocol with SMTB Formal Verification by Reilabs
News Report Technology
Worldcoin Enhances World ID Protocol with SMTB Formal Verification by Reilabs
March 1, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.