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

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.

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