The digital asset arm of Hong Kong-headquartered BC Group has formed a partnership with fintech platform Arta TechFin to create end-to-end virtual asset services.
OSL and Arta TechFin have entered a strategic partnership to create an end-to-end virtual asset ecosystem, according to a statement, subject to regulatory approval.
Hong Kong-based BC Group’s OSL was founded in 2018 and is the first digital asset platform licensed by the Securities and Futures Commission.
Arta, also headquartered in Hong Kong, is a hybrid financial platform that bridges traditional finance with blockchain-based innovations. The business covers traditional and virtual asset needs for corporates, financial institutions, and family offices.
End-to-End Ecosystem
The two firms' plan for creating the crypto ecosystem includes origination of asset-backed security tokens, secondary trading of physically settled and cash-settled crypto spot and derivatives, as well as custody of over-the-counter and exchange-traded virtual assets.
«Hong Kong’s progressive [virtual asset] policies lay a strong foundation for us to take advantage of this unique opportunity,» said Arta CEO Eddie Lau.
«We look forward to servicing the digital asset trading and fundraising needs of Arta and its clients,» added BC Group and OSL CEO Hugh Madden.
