https://www.scmp.com/rss/521889/feed OSL, a Hong Kong-based publicly listed company (SEHK: 863), is a leading entity in the digital asset and Web3 sector. It provides comprehensive financial services including brokerage, digital asset exchange, and custody solutions, alongside Software-as-a-Service (SaaS) offerings. Primarily serving institutional, professional, and retail investors, OSL is notable as the world’s first insured and SFC-licensed digital asset platform in Hong Kong, and one of the first approved for retail... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Themis Qi Themis Qi Crypto exchange operator HashKey Holdings has launched its share sale in Hong Kong, testing investor appetite amid repeated warnings against virtual currencies by China’s central bank. Hong Kong’s largest licensed crypto player set its initial public offering (IPO) price range at HK$5.95 to HK$6.95 apiece for more than 240 million shares, according to a filing on Tuesday. The listing date is December 17. With the price range, HashKey is eyeing up to HK$1.67 billion (US$214 million). In October,... https://www.scmp.com/business/cryptocurrency/article/3335725/hashkey-aims-us214-million-hong-kong-ipo-amid-beijings-crypto-pressure?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3335725/hashkey-aims-us214-million-hong-kong-ipo-amid-beijings-crypto-pressure?utm_source=rss_feed Tue, 09 Dec 2025 08:21:01 +0000 Xinmei Shen Xinmei Shen The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong’s largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing’s watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts. HashKey, established in Hong Kong in 2018, on Monday cleared its Hong Kong listing hearing after a confidential filing earlier this year, paving the way for an IPO that could raise up to... https://www.scmp.com/tech/policy/article/3335154/hashkeys-hong-kong-ipo-highlights-crypto-exchange-challenges-under-beijings-watchful-eye?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3335154/hashkeys-hong-kong-ipo-highlights-crypto-exchange-challenges-under-beijings-watchful-eye?utm_source=rss_feed Thu, 04 Dec 2025 06:00:16 +0000 Brian Rhoads,Neil Denslow Brian Rhoads,Neil Denslow Hong Kong crypto stocks have slumped this week, hit by a renewed crackdown by China’s central bank on cryptocurrency trading and a broader global slump in digital assets. Yunfeng Financial Group tumbled 14 per cent in two days and Bright Smart Securities fell 5.7 per cent. Digital-asset platform operator OSL Group dropped as much as 9 per cent before rebounding. Jack Ma, founder of South China Morning Post owner Alibaba, is a backer of Yunfeng. Ant Group, an affiliate of Alibaba, is buying... https://www.scmp.com/plus/article/3334891/chinas-crypto-aversion-dampens-hong-kong-stablecoin-push?utm_source=rss_feed https://www.scmp.com/plus/article/3334891/chinas-crypto-aversion-dampens-hong-kong-stablecoin-push?utm_source=rss_feed Tue, 02 Dec 2025 09:04:06 +0000 Enoch Yiu Enoch Yiu Digital trading in Hong Kong has taken a step forward with the launch of the city’s first Luxembourg-registered tokenised money market fund by US asset manager Franklin Templeton, marking a major development under the Fintech 2030 plan unveiled this week to establish the city as a leading fintech hub. The Franklin OnChain US Government Money Fund, which invests in US government securities and was registered in Luxembourg last year, would be available to institutional and professional investors... https://www.scmp.com/business/banking-finance/article/3331632/franklin-templeton-introduces-tokenised-money-market-fund-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331632/franklin-templeton-introduces-tokenised-money-market-fund-hong-kong?utm_source=rss_feed Wed, 05 Nov 2025 09:31:53 +0000 Xinmei Shen Xinmei Shen Hong Kong continues to ratchet up its cryptocurrency development efforts, as the city’s securities regulator fine-tunes rules to boost the liquidity of local digital-asset trading platforms. The Securities and Futures Commission (SFC) said it would allow locally licensed digital-asset exchanges to integrate their order books with those of their affiliated platforms globally. “What we noticed is that through the creation of this close-loop environment, we are creating a pocket of liquidity only... https://www.scmp.com/tech/policy/article/3331513/hong-kong-pushes-adjustments-digital-asset-rules-beijing-remains-cautious-crypto?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3331513/hong-kong-pushes-adjustments-digital-asset-rules-beijing-remains-cautious-crypto?utm_source=rss_feed Tue, 04 Nov 2025 12:00:24 +0000 Xinmei Shen Xinmei Shen OSL Group, operator of Hong Kong’s first listed and licensed virtual asset trading platform, on Wednesday also became the first exchange in the city to support professional trading of BNB, the cryptocurrency backed by Binance founder Zhao Changpeng. Trading of BNB on OSL was strictly limited to institutional investors with a portfolio of at least HK$8 million (US$1.02 million), who are allowed to trade the token with US dollars as well as the world’s two largest stablecoins, USDT and USDC. In a... https://www.scmp.com/tech/blockchain/article/3324218/hong-kong-crypto-exchange-osl-starts-institutional-trading-binance-backed-bnb-tokens?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3324218/hong-kong-crypto-exchange-osl-starts-institutional-trading-binance-backed-bnb-tokens?utm_source=rss_feed Wed, 03 Sep 2025 11:42:48 +0000 Julie Zhang Julie Zhang Two spot bitcoin and ether exchange-traded funds (ETFs) debuted in Hong Kong on Thursday, with the small trading volumes pointing to cautious investor appetite, in contrast with the market euphoria that followed the city’s unveiling of new stablecoin rules. The ETFs, launched by Hong Kong-based MicroBit Capital Management, track the US dollar prices of their underlying cryptocurrencies – bitcoin and ether – the world’s two largest digital tokens. The bitcoin spot ETF, listed under stock code... https://www.scmp.com/business/banking-finance/article/3322590/bitcoin-and-ether-etfs-debut-hong-kong-after-unveiling-stablecoin-rules?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3322590/bitcoin-and-ether-etfs-debut-hong-kong-after-unveiling-stablecoin-rules?utm_source=rss_feed Thu, 21 Aug 2025 02:37:40 +0000 Hannah Wang Hannah Wang Hong Kong-based OSL Group, the city’s first listed and licensed virtual-asset trading platform, sees optimism rise in the local market as the stablecoin law comes into effect this Friday. That assessment was made by Gary Tiu, executive director and head of regulatory affairs at OSL, at a symposium on Thursday about Hong Kong’s stablecoin era. The Hong Kong Monetary Authority (HKMA) is likely to issue the first batch of stablecoin licences early next year, as the city’s de facto central bank... https://www.scmp.com/tech/blockchain/article/3320328/hong-kong-crypto-exchange-osl-sees-optimism-rise-city-enters-stablecoin-era?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3320328/hong-kong-crypto-exchange-osl-sees-optimism-rise-city-enters-stablecoin-era?utm_source=rss_feed Thu, 31 Jul 2025 13:35:22 +0000 Julie Zhang Julie Zhang The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development of Digital Assets in Hong Kong” released on Thursday, the government called for market proposals to test stablecoin applications in public scenarios and a legislative... https://www.scmp.com/business/banking-finance/article/3315950/public-stablecoin-adoption-top-priority-hong-kong-new-digital-asset-blueprint?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3315950/public-stablecoin-adoption-top-priority-hong-kong-new-digital-asset-blueprint?utm_source=rss_feed Thu, 26 Jun 2025 10:00:20 +0000