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Crypto Exchange OSL Sold Security Tokens to Professional Investors

The Ethereum-developed tokens represented $10,000 worth of a coupon-rate USD bond, which is linked to the performance of bitcoin.

By Jamie Crawley
AccessTimeIconJul 26, 2022 at 11:18 a.m. UTC
Updated May 11, 2023 at 6:51 p.m. UTC
Hong Kong (Shutterstock)
Hong Kong (Shutterstock)
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Hong Kong-based crypto exchange OSL Digital Securities has distributed security tokens in a private security token offering (STO) with participants including Animoca Brands.

  • With the offering, OSL has become the first digital asset broker with Type 1 registration from Hong Kong-regulator Securities and Futures Commission (SFC) to conduct an STO with professional investors, according to an announcement on Tuesday.
  • Along with noted non-fungible token (NFT) and metaverse investor Animoca Brands, participants included Head & Shoulders Financial Group, China Fortune Financial Group Ltd., Volmart and Monmonkey Group Asset Management.
  • In an STO, an issuer sells tokenized digital securities or "security tokens," which can later be sold on security token exchanges. NFTs are digital tokens that represent the ownership of either a physical or digital asset.
  • The Ethereum-developed tokens will represent $10,000 coupon-rate USD bond, which is linked to the performance of bitcoin (BTC).
  • The STO is meant to act as a proof-of-concept for regulated digital asset investment, paving the way for issuance and distribution of tokenized securities among licensed financial intermediaries in Hong Kong.

Read more: Animoca Brands’ Investment Portfolio Now Worth Over $1.5B

UPDATE (July 26, 13:02 UTC): Updates tense in headline and lead.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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