Standard Chartered’s innovation unit, SC Ventures, and BC Technology Group have joined forces to launch a digital asset trading and brokerage platform for institutional and corporate clients in Europe and the UK. BC Group is the parent company of OSL, the only digital asset trading platform in Hong Kong licensed by the city’s Securities and Futures Commission.
Fast Facts:
- Based in the UK, the joint venture will connect institutional traders in Europe to counterparties across markets, providing access to liquidity in BTC, ETH and other digital currencies.
- OSL’s leading digital asset technology will underpin the venture, while Standard Chartered brings its global network, experience in brokerage services and its access to European markets.
- The initiative is expected to launch in the fourth quarter of this year, pending regulatory approvals.