OSL Group (00863) - Diao Jiajun: Optimistic about the tokenization development of financial assets.

The Hong Kong Securities and Futures Commission issued four VATP licenses last week. Regarding whether the market will become intensely competitive, Diao Jiajun, Executive Director and Head of Regulatory Affairs at OSL GROUP (00863), stated that market diversification is a healthy trend. He said, "We hope that the pie will get bigger and bigger, and we alone cannot finish it." He expressed optimism about the development of tokenization of financial assets. Virtual assets in Hong Kong are rapidly developing, and the Hong Kong Monetary Authority has launched the Ensemble Sandbox project, bringing Real World Asset (RWA) tokenization into the public eye. The Hong Kong Monetary Authority stated that the Sandbox aims to promote the use of experimental tokenized currencies for interbank settlement. Major participants include Bank Of China, HSBC, HANG SENG BANK, Standard Chartered Bank, Ant Group, HashKey, and Microsoft. The inaugural phase of the Ensemble project Sandbox, held in August this year, announced that the first stage of testing would cover four major tokenized asset use case themes, marking an important step forward in the practical application of tokenization technology in the financial industry. In addition, the Hong Kong government has introduced regulatory rules in various areas in recent years, including over-the-counter exchanges, digital asset custody, stablecoins, etc. Diao Jiajun said that OSL has already obtained the Virtual Asset Trading Platform (VATP) License from the Hong Kong Securities and Futures Commission, which helps increase the credibility of new clients on their platform, while the custody license can enhance the protection of client assets and improve market transparency. He said, "We are not worried about competition and welcome it." Diao Jiajun believes that OSL has a unique position in the market, such as familiarity with regulatory environment, product awareness, and partnerships with well-known financial institutions. OSL Group (00863) is Asia's leading financial technology and digital asset listed company, with its platform being the first globally licensed and insured digital asset platform by the Hong Kong Securities and Futures Commission. Founded in 2018, the company provides market services (brokerage, exchange, and custody) and software as a service (SaaS) technology solutions, offering global liquidity for institutional, professional, and retail investors on top-tier digital asset trading platforms.