The digital asset platform, OSL, has been selected as the exchange and sub-custodian for ChinaAMC's spot Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs) in Hong Kong.

OSL Digital Securities, a subsidiary of OSL Group, will provide trading and sub-custodial services for China Asset Management (ChinaAMC) and Harvest Fund Management's ETFs, which have received conditional approval from Hong Kong's financial regulator.

By utilizing OSL's robust infrastructure, the platform aims to ensure a secure trading environment for the ETFs, meeting the necessary regulatory standards to deliver and maintain its services. This partnership is significant as Hong Kong joins the exclusive list of markets that have approved spot crypto ETFs, following the lead of Canada, Germany, and Switzerland.

Patrick Pan, CEO of OSL, expressed his excitement about the partnership and its potential impact on digital asset investments in Hong Kong. He noted that being chosen as the first virtual asset exchange and sub-custodian partner reflects the high regard in which OSL is held and demonstrates its commitment to advancing digital asset investments in the region.

The Hong Kong Securities and Futures Commission's (SFC) approval of spot BTC and ETH ETFs has sparked a new wave of optimism in the market, with crypto prices experiencing a boost after days of significant liquidations. This development is expected to provide institutional investors with a new investment avenue to increase their exposure to the market.