OSL CFO Hu Zhenbang: Securities firms and family offices are rushing into the market, and licensed exchanges are ushering in a "historic moment"

On June 1, the transition period for the licensing system for virtual asset trading platforms in Hong Kong officially ended. There are only two compliant licensed digital asset trading platforms (OSL is one of them), which also means that the development of Hong Kong's virtual asset market has entered a new era.

Over the past two months, traditional local securities firms in Hong Kong have successively entered the virtual asset trading market. At the same time, more and more investors, financial institutions, listed companies, family offices, etc. have begun to actively consider allocating virtual assets through Hong Kong in compliance with regulations.

Behind this, whether it is a brokerage firm that has or is about to open up virtual asset trading services, or a financial institution, listed company, or family office that is rushing into the market, if they want to achieve the "last mile", they cannot do without a license.exchangetransactions, custody andSafetySexual protection.

对香港及全球虚拟资产市场来说，持牌交易所的“历史性时刻”，才刚刚开始。

Brokers + Exchanges: Realizing the “Massive Adoption” of Virtual Assets in Traditional Finance

As a brokerage firm that has officially opened virtual asset trading to retail investors in Hong Kong, the main virtual asset trading process of local retail brokerage firms is still the two-tier operation model of "brokerage firm + exchange", that is, the brokerage firm first opens an omnibus account (comprehensive account) at a licensed exchange, and then trades virtual assets for each customer on the licensed exchange according to the instructions of each customer.

OSL Group CFO Hu Zhenbang believes that nowThe two-tier operating model of "broker + exchange" formed under Hong Kong's virtual asset regulatory system is not only at the forefront of the world in terms of virtual asset compliance transactions, but also opens up a feasible path for the "large-scale adoption" of virtual assets in traditional finance.:

First of all, securities firms have been deeply involved in the traditional financial field for many years and have accumulated huge distribution and promotion channels and a mature customer service system, which enables them to directly reach tens of millions of existing traditional financial investors, and then easily promote virtual assets, an emerging investment field, to customers, allowing interested traditional financial investors to fully and deeply understand the relevant knowledge of virtual asset transactions.

In this process, brokerage firms can also work closely with other market participants to complete the investor education process in one stop, which is expected to significantly reduce the entry threshold for incremental users and greatly reduce their perception and concerns about the risks of virtual asset investment. Different brokerage firms can also provide investors with personalized investment advice and strategies through professional investment advisory teams to meet the needs of different investors.Xiaobai NavigationFurther stimulate their enthusiasm to participate in virtual asset transactions.

Secondly, licensed exchanges represented by OSL are responsible for key links such as virtual asset custody, transaction matching, and settlement at the back end.SafetyMeasures and professional technical teams to protect investors' virtual assetsSafety, building a solid foundation for investorsSafetyLine of defense.

Taking OSL as an example, a large part of the accumulated cost of satisfying the Hong Kong Securities Regulatory Commission's compliant capital operation falls on investor protection:

● Review various transfer transactions and use a complex review process to protect investors’ legitimate assets from being used by lawbreakers to engage in criminal activities;

● 制定上币审核规则，完成项目团队、流动性、技术安全、受监管情况的尽职调查，完全杜绝诈骗项目；

● Private key management, coldwalletMaintenance and backup must be strictly prevented according to regulations to avoid hackersstealTake the investor's assets;

● In addition, OSL also purchases third-party insurance for customers’ custodial assets, providing multiple protections for customer assets;

This "professionalism + safety" division of labor and cooperation model,It not only fully leverages the advantages of brokerage firms in customer service and marketing, but also relies on the expertise of licensed institutions in compliance, technology and risk control, complementing each other's strengths and jointly building a safe virtual asset trading ecosystem..

Licensed exchanges usher in a "historic moment"

Not only securities firms and ordinary investors, but also listed companies, family offices, etc. have begun to step up their pace and turn their attention to the field of virtual assets against the backdrop of Trump and the US political circles making 180-degree turns and the approval of US spot Bitcoin and Ethereum ETFs.

Even traditional financial institutions such as banks and fund companies have begun to research and plan related businesses, and provide customers with more diversified investment options by cooperating with licensed exchanges.

OSL Group CFO Hu Zhenbang revealed at the Firenow event,Since June 1, the business of Hong Kong's compliant licensed exchanges has increased significantly, including some traditional financial listed companies and fund companies that have begun to allocate virtual assets through licensed exchanges., to meet compliance and various audit requirements.

In other words, as the virtual asset market in Hong Kong heats up, the importance of licensed exchanges has become increasingly prominent. It can be said that they are at the forefront of the new era of virtual assets in Hong Kong and hold the "lifeline" of various businesses in the virtual asset market in Hong Kong:

Whether it is to include the six virtual asset ETFs launched on April 30 into the investment portfolio, or to directly trade and custody virtual assets such as Bitcoin and Ethereum, it is inseparable from the support and operation of licensed exchanges represented by OSL..

With their strict compliance standards and advanced technical architecture, these exchanges provide a safe, transparent and efficient trading environment for various institutions and investors to meet the growing market demand.

summary

In the future, as Hong Kong's virtual asset ETFs continue to expand in scale, more traditional brokerages provide virtual asset trading services, and financial institutions and family offices accelerate the pace of allocating assets such as Bitcoin, licensed exchanges will stand at the forefront of the times and lead the Hong Kong virtual asset market into a more mature and prosperous new stage, contributing unique strength to the development of the global virtual asset field.

The future has arrived, and for licensed exchanges, the "historic moment" has just begun.

The article comes from the Internet:OSL CFO Hu Zhenbang: Securities firms and family offices are rushing into the market, and licensed exchanges are ushering in a "historic moment"

Related recommendations: "Organic growth point" or "Top PUA", what are the advantages and disadvantages of the point incentive model?

This article explores the advantages and disadvantages of the points model from a multi-dimensional perspective and attempts to find corresponding solutions.cryptocurrencyIn the long history of the development of the field, the economic model based on decentralized consensus has brought the dawn of the holy grail of encryption to countless users. But as the industry rolls on, project owners have also begun to think about how to…