Fidelity International Invests $6M in Firm Behind Hong Kong's OSL Crypto Exchange

BC's OSL exchange is the first crypto brokerage to receive Hong Kong regulators' blessing.

AccessTimeIconJan 12, 2021 at 4:46 p.m. UTC
Updated Sep 14, 2021 at 10:54 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Fidelity Investments' international subsidiary has increased its investment BC Technology Group Ltd, the operator of Hong Kong's first licensed cryptocurrency exchange OSL.

  • Regulatory filings indicate Fidelity International (FIL Limited) purchased 3.3 million shares of BC Group for HK$52.3 million (US$6.7 million) on Jan. 6, bringing its ownership stake to 6.29%.
  • Fidelity previously held 5.29% of BC Group, having put $14 million in the Hong Kong crypto exchange operator early last year.
  • BC Group raised HKD697 million (approximately US$90 million) last week through a top-up share placement.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about