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OSL and UBS completed the first-ever investment-grade tokenized warrant distribution simulation in Hong Kong.

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This collaboration marks an important step for both parties in promoting cutting-edge financial products and lays a solid foundation for future innovation, continuously driving the development of the digital asset field.

(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 tokenization of subscription warrants issued by UBS Group in Hong Kong and serve as a pilot for simulated sales. The project is based on the Ethereum public chain and UBS Group will issue subscription warrants linked to stocks to OSL Digital Securities Limited.

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

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

Chairman and CEO of OSL Group, Wayne Tso, said: "We are honored to collaborate with the blockchain team and product experts at UBS. 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 tokens upon expiry. With the issuance of this investment-grade tokenized financial product, the market environment for regulated virtual assets in Hong Kong has crossed another important milestone."

Regarding this transaction, Susanna Chiu, Executive Director of Derivatives Sales at UBS Asia, stated: "UBS has launched tokenized warrants, strengthening our leadership position as a distributor of derivative products in Hong Kong*. This innovative product is built on a public blockchain permissioned environment, which enhances transparency, reduces transaction costs, simplifies settlement procedures, and provides greater flexibility in trading hours."

Pan Zhiyong added: "This is an important step in the regulation and compliance development of the Hong Kong digital asset market. In this rapidly changing industry, product innovation is important, but it is equally important to promote its products in a suitable manner to improve industry standards. This not only represents the development of OSL, but also demonstrates the importance of the continuous breakthrough and establishment of new standards in the digital asset market, and shows 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."

This cooperation between OSL and UBS not only marks an important step for both parties in promoting cutting-edge financial products, but also lays a solid foundation for future innovation and continued development in the digital asset field.

About OSL

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

OSL provides market services (brokerage, trading platforms, 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, professionals, and retail investors. OSL's secure and insured wallet ensures the safe storage and timely trading settlement of digital assets.

With the continuous development of the digital asset industry, companies are also making progress. OSL's simple and tailored services ensure that global clients receive compliant services in the constantly evolving digital asset environment.