OSL Group

OSL Group is a Hong Kong-based financial-services company focused on regulated digital-asset infrastructure. The business was founded in 2003 by Bin Fang under the name BC Technology Group and subsequently developed from a broader technology and financial-services company into an operator serving institutional and professional participants in digital assets. Its principal activities include digital-asset brokerage, exchange services, over-the-counter trading, and custody. The company became publicly traded on the Growth Enterprise Market of the Hong Kong Stock Exchange in 2013. In 2015, it transferred its listing to the exchange's Main Board, giving the business a more established public-market profile. OSL expanded into digital assets in 2018, reflecting the growing importance of cryptocurrency and blockchain-related financial services within its operating strategy. A major turning point came on 15 December 2020, when OSL became the first digital-asset trading platform licensed by Hong Kong's Securities and Futures Commission. The licensing milestone positioned OSL around a compliance-led model at a time when regulators and institutional investors were placing increasing emphasis on governance, custody controls, market surveillance, and client-asset protection. The company later appointed a Big Four accounting firm as its auditor, further supporting its emphasis on regulated-market standards. OSL's brokerage business includes over-the-counter transactions and request-for-quote dealing, allowing clients to obtain execution and liquidity services outside a conventional order-book workflow. Its exchange activity provides a venue for trading digital assets, while its custody business holds or safeguards digital assets for clients and serves as a sub-custodian for Hong Kong spot cryptocurrency exchange-traded funds. Through its Omnibus offering, OSL has also worked with financial intermediaries including Interactive Brokers and Victory Securities. In January 2023, Hugh Madden became chief executive officer. Later that year, OSL and HashKey became the first two companies approved by Hong Kong's Securities and Futures Commission to operate cryptocurrency exchanges for retail investors. This approval marked an expansion beyond an exclusively institutional or professional-client orientation and reflected Hong Kong's effort to establish a regulated framework for retail digital-asset trading. In November 2023, BGX acquired a 30 percent stake in OSL Group. The investment added a significant strategic shareholder while leaving OSL positioned as a publicly listed operator in Hong Kong's digital-asset market. OSL's overall positioning is therefore built around regulated access to cryptocurrency markets rather than a consumer technology brand: it combines exchange technology with brokerage execution, OTC liquidity, custody, and institutional connectivity.

OSL Group was established in 2003 by Bin Fang as BC Technology Group. It entered the public markets in 2013 through a listing on the Growth Enterprise Market of the Hong Kong Stock Exchange. The company moved from the GEM Board to the exchange's Main Board in 2015, a transition that represented an important change in its public-market status. The group expanded into digital assets in 2018. This strategic development led it toward a business model centered on financial-market services for cryptocurrencies and other digital assets rather than general technology activities. Its later operating scope came to include brokerage, exchange operations, OTC trading, and custody. On 15 December 2020, OSL became the first asset-trading platform licensed by Hong Kong's Securities and Futures Commission. The licence was a defining event in the company's history because it placed OSL among the earliest regulated operators in Hong Kong's emerging digital-asset sector. The company subsequently engaged a Big Four accounting firm as its auditor, reinforcing its effort to operate within institutional financial-services conventions. OSL's business combines several connected functions. Its brokerage operation supports OTC and request-for-quote transactions. Its exchange provides a venue for digital-asset trading. Its custody operation safeguards digital assets and also acts as a sub-custodian for Hong Kong spot cryptocurrency exchange-traded funds. The company has additionally developed institutional connectivity through its Omnibus offering, working with Interactive Brokers and Victory Securities. Hugh Madden was appointed chief executive officer in January 2023. In August of the same year, OSL and HashKey became the first two companies to receive approval from Hong Kong's Securities and Futures Commission to operate cryptocurrency exchanges for retail investors. The approval broadened the potential customer base for OSL and marked a significant step in Hong Kong's regulated retail-crypto framework. In November 2023, BGX acquired a 30 percent stake in OSL Group. The transaction introduced a substantial strategic investor into the company's shareholder structure. OSL consequently remained a Hong Kong-listed operator with a business spanning digital-asset execution, exchange access, custody, and institutional market infrastructure. Its history is characterized by a progression from a 2003 technology-company foundation, through public listing and digital-asset expansion, to a regulated financial-services model serving both institutional and approved retail markets.

• 2023

  New chief executive appointed

  [1]OSL Groupen.wikipedia.org

  Hugh Madden became chief executive officer in January.

• 2023

  Retail exchange approval

  [1]OSL Groupen.wikipedia.org

  In August, OSL and HashKey became the first two companies approved by Hong Kong's SFC to operate cryptocurrency exchanges for retail investors.

• 2023

  BGX investment

  [1]OSL Groupen.wikipedia.org

  BGX acquired a 30 percent stake in OSL Group in November.

• 2020

  First SFC-licensed digital-asset trading platform in Hong Kong

  [1]OSL Groupen.wikipedia.org

  On 15 December, OSL became the first asset-trading platform licensed by Hong Kong's Securities and Futures Commission.

• 2018

  Expansion into digital assets

  [1]OSL Groupen.wikipedia.org

  The group broadened its activities to include digital-asset services.

• 2015

  Transfer to the Hong Kong Stock Exchange Main Board

  [1]OSL Groupen.wikipedia.org

  OSL moved its listing from the GEM Board to the Main Board of the Hong Kong Stock Exchange.

• 2013

  Initial public listing on the GEM Board

  [1]OSL Groupen.wikipedia.org

  The company was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange.

• 2003

  Company founded

  [1]OSL Groupen.wikipedia.org

  Bin Fang founded the business that later became OSL Group, originally known as BC Technology Group.

A regulated, institution-oriented digital-asset financial-services platform combining exchange, brokerage, OTC execution, custody, and market infrastructure in Hong Kong.

• Digital-asset brokerage

  OSL Brokerage

  OSL's brokerage business provides digital-asset execution services, including over-the-counter dealing and request-for-quote transactions. The offering is designed for clients that require direct execution and access to liquidity rather than relying solely on a public exchange order book.

• Digital-asset exchange

  OSL Exchange

  The OSL exchange provides a regulated venue for trading digital assets. In 2023, OSL received approval alongside HashKey to operate a cryptocurrency exchange serving retail investors in Hong Kong, extending its reach beyond professional and institutional market participants.

• Digital-asset custody

  OSL Custody

  OSL's custody service safeguards digital assets for clients and supports institutional-market infrastructure. The business also acts as a sub-custodian for Hong Kong spot cryptocurrency exchange-traded funds, linking its custody capabilities with regulated investment products.

• Institutional digital-asset infrastructure

  OSL Omnibus

  OSL Omnibus is an institutional connectivity offering through which OSL works with financial intermediaries including Interactive Brokers and Victory Securities. It supports access to OSL's digital-asset market infrastructure through intermediary relationships.

• 2023

  Appointment of Hugh Madden as chief executiveOther

  Background

  OSL was operating in a rapidly developing regulated digital-asset market.

  Action taken

  The company appointed Hugh Madden as chief executive officer in January 2023.

  Aftermath

  Madden led the company during its expansion toward approved retail exchange operations in Hong Kong.

  Source

• 2023

  Approval to operate a retail cryptocurrency exchangeProduct launch

  Background

  Hong Kong introduced a licensing regime allowing regulated digital-asset exchanges to serve retail investors.

  Action taken

  OSL received approval from the Securities and Futures Commission to operate a cryptocurrency exchange for retail investors.

  Aftermath

  OSL became one of the first two approved operators, alongside HashKey, and gained a regulated route into Hong Kong's retail market.

  Source

• 2023

  BGX acquisition of a 30 percent stakeM&A

  Background

  OSL remained a publicly listed digital-asset services company seeking to operate within Hong Kong's regulated market.

  Action taken

  BGX acquired a 30 percent interest in OSL Group in November 2023.

  Aftermath

  BGX became a significant shareholder, adding a strategic ownership development to OSL's corporate history.

  Source

• 2020

  Pursuit and receipt of Hong Kong digital-asset platform licensingOther

  Background

  Hong Kong was developing a formal regulatory framework for digital-asset trading platforms.

  Action taken

  OSL obtained a Securities and Futures Commission licence on 15 December 2020.

  Aftermath

  OSL became the first SFC-licensed asset-trading platform in Hong Kong and strengthened its compliance-oriented market position.

  Source

• 2018

  Expansion into digital-asset servicesStrategy

  Background

  The company broadened its business beyond its earlier activities by entering the digital-asset sector.

  Action taken

  OSL developed operations covering digital-asset brokerage, exchange services, OTC trading, and custody.

  Aftermath

  The expansion became the foundation of OSL's regulated digital-asset financial-services positioning.

  Source

• 2026.08.07

  Reported2026.08.07

  OSL Group launches OSL AgentPay[2]OSL Group推出OSL AgentPayfinanznachrichten.de

  OSL Group announced the launch of OSL AgentPay, a stablecoin payment infrastructure designed for AI agents. Developers can integrate with it via API.

• 2021.06.02

  Reported2021.06.02

  SC Ventures and BC Technology team up on digital asset trading platform[3]SC Ventures与BC Technology合作开发数字资产交易平台propakistani.pk

  Standard Chartered's venture capital arm, SC Ventures, teamed up with Chinese investment firm BC Technology for a digital asset trading platform aimed at institutional investors in the United Kingdom and other European countries.

Read more

1. 1OSL Groupen.wikipedia.org
2. 2OSL Group推出OSL AgentPayfinanznachrichten.de
3. 3SC Ventures与BC Technology合作开发数字资产交易平台propakistani.pk