TechFlow news, according to Bloomberg citing sources familiar with the matter, Hong Kong-based BC Technology Group is considering selling its digital asset platform OSL, one of only two licensed trading platforms operating under Hong Kong's newly introduced digital asset regulations in June this year.
BC Technology Group has approached potential buyers, including industry participants and funds, to gauge interest in OSL, proposing a valuation of HK$1 billion (US$128 million).
OSL’s operations include prime brokerage, trading, and custody services for cryptocurrency markets, as well as providing virtual asset trading infrastructure for financial institutions.
Sources noted that BC Technology may decide to sell only part of OSL’s business rather than the entire entity. The transaction is still under consideration, and the final outcome remains uncertain.
