OSL and Huaying Securities strengthen cooperation! Promote physical redemption of Hong Kong cryptocurrency spot ETF

Hong Kong’s six Bitcoin and Ethereum spot ETFs will be listed for trading on April 30. OSL Group, which cooperates with China Asset Management (Hong Kong) and Harvest International, made a voluntary announcement today (26th) It was disclosed that its wholly-owned subsidiary, digital asset trading platform OSL Digital Securities Co., Ltd., will strengthen cooperation with Huaying Securities to promote the physical subscription and redemption process of Hong Kong’s first cryptocurrency spot ETF and fully prepare for the launch of ETF products. .

The announcement pointed out that OSL and Huaying Securities play an important role in promoting the physical subscription and redemption of cryptocurrency spot ETFs, ensuring that investors can directly use the underlying physical digital assets to execute their share of cryptocurrency spot ETF products. The subscription and redemption can greatly increase the liquidity of digital assets and allow more investors to easily enter the digital asset market.

OSL did not disclose the detailed terms of the cooperation between the two parties in the announcement.

The parent company Huaying Holdings also announced yesterday (25th) that Huaying Securities became the first participating trader of cryptocurrency spot ETFs in Hong Kong. In the future, Huaying Securities will maintain a close cooperative relationship with OSL to handle the issuance and trading of such ETFs and ensure strict compliance with regulatory standards to maintain investor confidence.

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