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.
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.