News on October 16, according to Bloomberg citing people familiar with the matter, Hong Kong's BC Technology Group (00863) is considering selling its digital asset platform OSL, which is one of only two licensed trading platforms under the digital asset rules introduced in Hong Kong in June this year. BC Technology Group has assessed interest in OSL from potential buyers such as industry participants and funds and proposed a HK$1 billion (US$128 million) valuation.


OSL's business covers the major brokerage, trading and custody services of the crypto market, as well as the business of providing virtual asset trading infrastructure for financial institutions. BC Technology may decide to sell part of OSL's business, rather than the entire business, people familiar with the matter said. The transaction is still under consideration and the final outcome is uncertain.
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