Summary by Moomoo AI
OSL GROUP LIMITED (THE “COMPANY”) ANNOUNCED ON 26 APRIL 2024 THAT ITS WHOLLY-OWNED SUBSIDIARY OSL DIGITAL SECURITIES LIMITED HAS STRENGTHENED ITS PARTNERSHIP WITH CHINA WIN SECURITIES TO JOINTLY PROMOTE THE PHYSICAL APPLICATION AND REDEMPTION PROCESS FOR HONG KONG'S FIRST SPOT VIRTUAL ASSET EXCHANGE-TRADED FUND (ETF). The move is designed to prepare for the launch of the ETF product and provide investors with application and redemption services through direct use of underlying physical digital assets, thereby increasing the liquidity of digital assets and enabling more investors to enter the digital asset market. The OSL Group, as the only listed company focused on digital assets in Hong Kong, has a solid compliance operating model, extensive operational experience and a good market reputation, and has successfully passed the SOC 2 Type 2 audit certification, demonstrating a high level of security in its business.