{"id":34638,"date":"2021-01-13T11:29:10","date_gmt":"2021-01-13T09:29:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34638"},"modified":"2025-08-28T21:32:43","modified_gmt":"2025-08-28T18:32:43","slug":"fidelity-invested-6-7-million-in-operator-of-regulated-cryptocurrency-exchange-osl","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-invested-6-7-million-in-operator-of-regulated-cryptocurrency-exchange-osl\/","title":{"rendered":"Fidelity Invested $6.7 Million in Operator of Regulated Cryptocurrency Exchange OSL"},"content":{"rendered":"

The digital-asset division of Fidelity Investments has increased its investment in BC Technology Group, the operator of the institutional digital-asset platform OSL. According to Business Times.<\/a><\/p>\n

<\/p>\n

The size of the investment by the financial holding amounted to $6.71 million. It held a 6.29% stake in the company.<\/p>\n

In February 2020, Fidelity’s initial investment in BC Technology Group amounted to $14 million. At that time it owned 5.6% of the shares.<\/p>\n

Earlier, BC Technology Group raised HK$697 million (~$89.9 million) in a secondary share placement for unnamed institutional investors.<\/p>\n

OSL is an institutional-focused cryptocurrency exchange, also offering brokerage, custody and SaaS<\/a>-services. BC Technology Group holds licenses to operate digital assets with the Hong Kong Securities and Futures Commission and has passed an audit by one of the Big Four.<\/p>\n

Earlier, Fidelity made a series of strategic investments in the crypto market, including expanding its custody services in Asia in October 2020 through partnership<\/a> with the Singapore-based cryptocurrency startup Stack Funds.<\/p>\n

In December, Fidelity Investments chief Abigail Johnson stated the incredible success<\/a> of the cryptocurrency custody service launched in October 2019.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity Investments\u2019 digital-asset division has increased its investment in BC Technology Group, operator of the institutional digital-asset platform OSL. The article appears in Business Times.<\/p>\n","protected":false},"author":1,"featured_media":34639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[871,1248,1156],"class_list":["post-34638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asia","tag-fidelity-investments","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34638"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34638\/revisions"}],"predecessor-version":[{"id":34640,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34638\/revisions\/34640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34639"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}