(Hong Kong, February 7, 2024) OSL Group (863.HK, formerly known as BC Technology Group) as the only listed company in Hong Kong focusing on digital assets, announced today that its subsidiary, OSL Digital Securities Limited (referred to as "OSL"), will participate in the investment-grade tokenized warrants issuance by UBS Group in Hong Kong and serve as a pilot for simulated sales. The project involves UBS Group issuing subscription warrants linked to stocks to OSL Digital Securities Limited based on the Ethereum public chain.

This groundbreaking initiative is expected to change the landscape of digital assets in Hong Kong. OSL, with innovation, performance, security, and compliance at its core, will collaborate with UBS to launch the region's first investment-grade tokenized warrants.

Industry First: Equity-Linked Tokenized Warrants to Enter the Hong Kong Digital Asset Market

OSL Group Chairman and CEO Wayne Trench stated, "We are honored to collaborate with UBS's blockchain team and product experts. OSL is simulating the entire product lifecycle of tokenized structured products linked to stocks, from token minting to simulated secondary market trading, to the eventual destruction of the tokens at maturity. With the issuance of this investment-grade tokenized financial product, the market environment for regulated virtual assets in Hong Kong has crossed another significant milestone."

UBS Asia Derivatives Sales Executive Director Soo Hwa Choo expressed about the transaction, "UBS's launch of tokenized subscription warrants strengthens its position as a leader in the issuance of derivative instrument products in Hong Kong*. This innovative product, established in a public blockchain permissioned environment, enhances transparency, reduces transaction costs, simplifies settlement procedures, and provides greater flexibility in trading hours."

Wayne Trench added, "This is an important step in the regulatory and compliance development of the digital asset market in Hong Kong. In this rapidly changing industry, while product innovation is important, the ability to drive its products in an appropriate manner to enhance industry standards is equally important. This not only represents the development of OSL but also demonstrates the importance of continuously breaking through and setting new standards in the digital asset market, showcasing the practical application value of blockchain technology. We look forward to continuing to work with UBS to enhance the distribution capabilities of Asian investment products using blockchain technology and unleash the innovative potential of this technology."

The collaboration between OSL and UBS not only signifies an important step for both parties in promoting cutting-edge financial products but also lays a solid foundation for future innovation, continuously driving the development of the digital asset field.

*Source: Hong Kong Exchange data, #1 calculated by the nominal net value of warrants and bull/bear certificates sold from 2021 to 2022.

About OSL

OSL Group (863.HK, formerly known as BC Technology Group) is a leading financial technology and digital asset listed company in Asia, with its platform being the first globally licensed and insured digital asset platform by the Securities and Futures Commission of Hong Kong. The company was established in 2018 and has a long history in the relevant field, and its comprehensive and regulated digital asset solutions are also widely recognized by the industry.

OSL provides market services (brokerage, exchange, and custody) and software-as-a-service (SaaS) technology solutions, offering top-notch digital asset platform trading services and fully compliant fund pools for institutions, professional, and retail investors. OSL's secure and insured wallets ensure the safe storage of digital assets and timely trade settlement.

As the digital asset industry continues to evolve, the company continues to progress. OSL's simple and tailored services ensure that global clients receive compliant services in the ever-evolving digital asset environment.

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