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OSL exchange’s parent firm has denied reports that its on sale with an estimated valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, the parent firm of Hong Kong-based licensed crypto platform OSL, denied reports that the exchange is up for sale. BC Technology, the parent company of OSL, has
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OSL offers prime brokerage, exchange and custody of crypto assets, as well as infrastructure for financial institutions to offer digital asset trading. BC Technology may elect to sell parts of OSL's business rather than the whole entity, according to the report, citing people familiar with the matter. Source
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The Titan Fund, as it is called, will make early-stage investments in companies across Web3 sectors such as gaming, the metaverse and non-fungible tokens (NFTs), according to an emailed announcement on Wednesday. State Street will serve as the fund’s administrator and EY as its auditor. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hong Kong-based trust company First Digital is set to introduce a new stablecoin, “First Digital USD” (FDUSD), which will be pegged to the US dollar and regulated in Asia. In a June 1 release, First Digital announced
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First Digital Group, a Hong Kong-based qualified custodian and trust company, announced the launch of its First Digital USD (FDUSD) United States dollar-pegged stablecoin on June 1. The new stablecoin is programmable and described as being capable of executing contracts, escrow services and insurance without intermediaries. It will operate on
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Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market. Lin’s Arrest in 2020 a Key Event for
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A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017.The report by Bloomberg suggests that customers of
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Crypto financial services firm Amber Group is weighing up a direct listing, with the U.S as the “likely destination,” according to its CEO.A direct listing is “on the table” in the next two years, Michael Wu said in an interview with South China Morning Post.“The U.S is a likely destination,
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The United Nations is accusing North Korea of using a blockchain firm in Hong Kong to carry out money laundering schemes and other illicit activities. The English version of the Korean news outlet Chosun reported that the UN Security Council’s Sanctions Committee has initiate the investigation on North Korea regarding
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