Business News Report
November 14, 2023

BGX Group Invests $90 million in BC Technology Group to Accelerate Digital Asset Innovation

In Brief

BGX Group will invest around HKD 710 million (USD 90 million) in BC Technology Group, Hong Kong’s first licensed cryptocurrency exchange.

BGX Group Invests in BC Technology Group to Accelerate Digital Asset Innovation

Hong Kong based cryptocurrency service BGX Group announced it will invest HKD 710 million (USD 90 million) in BC Technology Group.

This move represents a pivotal moment for BC Technology Group, the parent company of OSL, Hong Kong’s first licensed cryptocurrency exchange. BC Technology Group is also the only publicly listed company in Hong Kong fully dedicated to digital assets.

The investment by BGX Group is a strong endorsement of OSL’s vision and leadership in the regulated digital asset market. The infusion of capital and strategic collaboration will propel BC Technology Group and OSL into a new era of growth and innovation within the digital asset space.

BGX Group’s Strategic Investment Plan

The partnership between BGX Group and OSL highlights a commitment to excellence, security, and innovation in digital asset services. BGX’s global footprint in digital assets aligns powerfully with OSL’s mission of offering secure and regulated access to digital assets, enhancing the platform’s offerings. This strategic alignment is likely to create synergies benefiting the digital asset industry.

The transaction is contingent upon approval from BC Technology Group’s shareholders. Hugh Madden, CEO of BC Technology Group, expressed pride in the partnership with BGX. He noted it as a significant endorsement of the company’s strategy focused on regulation and compliance.

Patrick Pan, CEO of BGX, emphasized the strategic nature of this investment. He reflected confidence in the digital asset market’s potential and the partnership’s ability to strengthen BGX’s global presence.

The strategic investment underscores the increasing recognition and integration of digital assets in mainstream financial services and investment strategies.

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

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

More articles
Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
News Report Technology
Web3 On-Chain Data Insights: In April, Solana Tops Activity, Ethereum Sees Capital Inflows, Bitcoin Shows Structural Rebound
May 9, 2025
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
Hack Seasons News Report Technology
Exploring AI Revolution In Web3: Decentralized AI, Data Ownership, And The Road Ahead
May 9, 2025
The Future Of AI Agents: Innovation, Challenges, And Opportunities
Hack Seasons News Report Technology
The Future Of AI Agents: Innovation, Challenges, And Opportunities
May 9, 2025
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
News Report Technology
Adidas, Binance, And Coinbase: Major Crypto Partnerships Of May 2025
May 9, 2025