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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.
Fidelity Investments' international subsidiary has increased its investment BC Technology Group Ltd, the operator of Hong Kong's first licensed cryptocurrency exchange OSL.
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- 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.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
