osl-digital-securities-executes-first-regulated-virtual-asset-trades-in-hk,-sfc-licensed-exchange-and-brokerage-now-live-trading

OSL Digital Securities Executes First Regulated Virtual Asset Trades in HK, SFC-Licensed Exchange and Brokerage Now Live Trading

 

In a Hong Kong-first, OSL Digital Securities Limited (OSL DS), the world’s only SFC-licensed, listed, Big-Four-audited digital asset platform and member of BC Technology Group (stock code 863 HK), today announced its official go-live with the execution of the first customer trades via it’s licensed trading desk. OSL DS holds a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets (digital assets) from the Hong Kong Securities and Futures Commission (SFC).

The OSL platform utilizes a modular interface where institutional and professional investors can buy, sell and securely store digital assets, such as Bitcoin, Ethereum and selected Security Tokens. The ‘go-live’ for trading follows an exhaustive and successful trial-use period completed with the participation of trading partners and investors.

“With today’s trades, we break new ground for financial services in Asia,” said OSL CEO Wayne Trench. “Trading and storing digital assets like Bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator — a major milestone in the ongoing institutional adoption of digital assets globally.”

OSL customers benefit from a single platform login and central dashboard that allows use of OSL’s market-leading electronic and OTC trading, intelligent Request for Quote (iRFQ) technology and an industry leading institutional-grade Exchange, as well as exclusive access to segregated banking and segregated, insured wallet services. Unique in the market, the OSL Exchange is fully compliant with stringent know-your-customer, anti-money laundering and market surveillance standards.

Designed for institutional and professional investors, the OSL Exchange connects traders to counterparts across markets, delivering unrivalled access to deep pools of liquidity in Bitcoin, Ethereum and other digital assets. In addition to enabling one-click trading via the user-friendly UI, OSL Exchange also supports both FIX and REST API connectivity

OSL Exchange offers a complete market solution with performance, security, liquidity and compliance for professional investors.

OSL’s over-the-counter (OTC) and electronic RFQ/API trading combines access to unparalleled market liquidity with complete privacy and guaranteed price quotes. Each trade is conducted and executed directly with the customer and with no on-exchange price slippage or order book discovery. This ensures instant, seamless, secure transactions with near instant settlement.

OSL’s combination of experienced (and licensed) traders, deep global relationships and advanced technology allow its brokerage to match large institutional blocks across major digital assets.

Trench added, “We are excited about the prospects for further development of the institutional digital asset market in Hong Kong and being a key contributor to this growing ecosystem. In the near term, we are very pleased by the significant appetite we are seeing from clients who recognise the criticality of trading with a safe, reliable and licensed platform.”

hong-kong-fintech-start-up-sleek-becomes-apac’s-first-carbon-neutral-corporate-service-provider

Hong Kong Fintech Start-up Sleek Becomes APAC’s First Carbon-Neutral Corporate Service Provider

 

Hong Kong fintech start-up Sleek has become the first provider of carbon-neutral corporate services in the Asia-Pacific region with its new sustainability initiative that tackles carbon emissions.

Hong Kong’s corporate services industry has long been known to be traditional and paper-based. On average, 130,000 businesses are incorporated in Hong Kong every year. From document printing to signing, the resources needed for these services produce over 2,081 tons of CO2 waste – the equivalent of the carbon emission generated by 455 passenger cars driven for one year. As an innovator and disruptor in the industry, Sleek is challenging the norm by leading a “green” and paperless revolution.

Since November 2020, Sleek has been financing mangrove reforestation projects in East Java, Indonesia to compensate for the carbon emissions associated with the company’s services. In coordination with Handprint, a sustainability software startup in Singapore, these conservation projects are set to absorb the company’s monthly carbon footprint. The projects are managed by teams of experienced local conservationists and volunteers in the community, an intentional effort to create a positive impact on both the environment and the local economy. With 2,068 trees planted thus far, the mangroves will grow and absorb over 400 tons of CO2 in the next 20 years.

“As a digital-first company, we believe in using the power of technology to make the lives of our customers easier; however, we have a responsibility to ensure that our present actions have a positive effect on our environment and for future generations to come,” states Co-Founder and CEO, Julien Labruyere. “By 2030, we foresee Sleek to be the first carbon-positive corporate service firm in Asia-Pacific and we hope to see more companies join this green revolution,” he continues.

Sleek believes the excessive wastage and environmental repercussions in the industry can be minimized through digitization. Its cloud-based solution and AI-driven customer platform already make it five times more efficient than traditional providers with significantly less paper wastage. Meanwhile, SleekSign, a self-developed digital signature tool, has been used over 200,000 times since its release in 2020, saving over 16.4 tons of CO2 on paper and ink consumption. With this new initiative, the company is truly becoming the first corporate services provider in the APAC region to be the leader in such sustainability efforts.

In 2021, Sleek will continue to focus on delivering high-quality services to over 3,500 companies in Hong Kong and Singapore, and develop new digital tools to lead and accelerate the sustainability movement in the industry.

up-fintech-tops-1-million-customer-accounts

UP Fintech Tops 1 Million Customer Accounts

 

UP Fintech Holding Limited (with all of its subsidiaries, referred to as “UP Fintech” or the “Company”, known as Tiger Brokers in Asia) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, recently announced that it opened its one millionth customer account. Since launching its flagship APP, Tiger Trade, six years ago, the firm has invested heavily in innovation and now enables clients to trade securities across multiple global markets that span the U.S., ChinaSoutheast Asia, and Europe. UP Fintech also reached the million-account milestone faster than any other online brokerage firm focusing on global Chinese investors, attesting to the value the firm delivers to its clients as well as its reputation in the market as a fintech leader.

Mr. Wu Tianhua, CEO and Director of UP Fintech commented, “Reaching one million client accounts represents an extremely exciting milestone for us and we want to thank our clients for trusting us. We delivered these results by growing from an online broker focused on securities brokerage services to a full-service brokerage firm with investment banking business, ESOP management services and other corporate services. By leveraging our strong technological capabilities and swift product launching ability, we will continue to provide clients efficient, first-rate and differentiated services by constantly expanding our product and enriching its features. In addition, we will continue to invest in growing our client base in new markets like Singapore.

Founded in 2014, the company began by offering online brokerage services and margin financing for U.S. equities in August 2015. By catering its platform to meet the unique needs of global Chinese investors, UP Fintech achieved significant growth, both in client base and total securities trading volume. The company continues to update its platform and now offers one of the most comprehensive ranges of securities among global online brokers; clients may currently trade equities in the U.S., Hong Kong S.A.RSingaporeAustralia, and the U.K., as well as futures, warrants, options, and mutual funds, among others.

Mr. Wu added, “Today, our clients may trade multiple currencies, multiple markets, and multiple classes of securities all in one integrated account on our trading platform thanks to our proprietary infrastructure and technology. Our firm is committed to innovation and we will continue to invest in technology as we are confident it will strengthen our market position in the online brokerage industry.”

In addition, the firm has also expanded into new business lines, namely investment banking and ESOP management, as it seeks to diversify its business and provide more services to corporate clients. The company has already participated in more than 60 Chinese ADRs listings in the U.S. including Li Auto, Kingsoft Cloud, Pinduoduo and XPeng Motors. According to data from the SEC and Bloomberg, UP Fintech led the rankings of underwriters for U.S. IPOs of Chinese ADR issuers among brokerages in the first half of 2020, based on deal count. By further enhancing its underwriting capabilities, the company aims to provide its retail clients more opportunities to subscribe to Chinese ADR IPOs, as well as attract new clients who want to participate in the growth of leading companies.

In parallel, ESOP management also positions the company well to drive additional growth for years to come. ESOP participants may use UP Fintech’s platform to exercise their stock options in the future, allowing the firm to capture a growing group of high-net-worth clients.

Reflecting on the firm’s progress, Mr. Wu concluded, “Looking forward, we will continue to bring our clients innovative products and smarter features. Our commitment to innovation, combined with our global vision will continue to attract new clients across the diverse markets we operate in.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

SOURCE UP Fintech Holding Limited

digitising-corporate-governance-–-tricor-hosts-18th-annual-corporate-governance-seminar

Digitising Corporate Governance – Tricor hosts 18th Annual Corporate Governance Seminar

 

Tricor’s 18th annual corporate governance seminar is held today at the Hong Kong Convention and Exhibition Centre. Supported by the Hong Kong Investor Relations Association and The Chamber of Hong Kong Listed Companies, the half-day event gathered leading industry elites who share on a spectrum of corporate governance related topics, and attracted over 2,000 registrations despite the Covid-19 challenges. With social distancing measures in place, this is the first year it takes a hybrid approach. By deploying Tricor’s own e-meeting solution SPOT, the event welcomes both in-person and virtual participants.

“Digitising Corporate Governance”, the theme of the seminar, summarises the two most important focuses of corporates this year – digitisation and governance.

“This year marks the 20th anniversary of Tricor and we have hosted our annual corporate governance seminar for 18 years straight since 2003. Tricor has always been taking an active role in promoting a culture of good corporate governance as we strongly believe that it plays an important role in sustaining the business especially during times of uncertainty,” says Joe Wan, CEO of Tricor Hong Kong.

“While the trend of digital transformation is irreversible, by leveraging and incorporating advanced tools into our daily workflow, corporate governance can be taken to a new level with improved efficiency, engagement and transparency. Digital tools can definitely help companies reap the benefits of intelligent systems through accelerated business performance and optimised intra-company.”

The seminar is kicked off with a keynote speech on “Digital Transformation in Hong Kong“, delivered by Dr. David Chung, Under Secretary for Innovation and Technology, Hong Kong’s Innovation and Technology Bureau; followed by another keynote session hosted by Prof. K.C. Chan, Non-Executive Director of Tricor Group, on “Digital Transformation in FinTech”.

Other speakers from both public and private sectors also share the latest market trends and development, their experiences and perspectives on what and how technologies are adopted in corporate governance in particular in the financial field.

Digital Corporate Governance Solutions

Governance at a corporate level refers to the way in which companies are governed and to what purpose. Technology is now increasingly adopted by corporate governance professionals to achieve best practices.

Our Experiential Lounge at the venue showcases some of our digital corporate governance tools launched earlier this year. Attendees have a chance to experience first-hand how our board portal “Boardfolio” makes board meetings easy; how “SPOT”, an e-meeting solution, takes online votes and questions; and how digital administrative tool “e-Rental” streamlines HR operations by automating employees’ rental reimbursement applications and claim processes. As the event’s key visual suggests, these tools connect people with technologies and most importantly, human-technology collaboration can enhance human capabilities under the new normal.

20 Years of Excellence

With 20 years of solid experience, Tricor is the undisputed market leader in integrated business expansion solutions, with global knowledge and local expertise in business management, corporate administration and secretarial services, trust and fiduciary services, as well as human resources consultation. Our strong track record has made us the benchmark for professional services in Hong Kong.

“As the commercial world has reached an inflection point of new technology adoption, we will continue to innovate solutions that help companies navigate the journey from start-up to IPO and beyond. These digital corporate governance solutions are vivid examples of how innovation and technology-driven processes can streamline business operations and hence improve efficiency, accuracy and security,” says Wan.

The event is concluded with a look at the next imperatives of company secretaries in the era of pandemic and digital transformation. The Covid-19 pandemic may have posed changes to the world permanently and it is fast-tracking digital transformation in companies. Those who are able to fully capitalise on technology in their business models will stay ahead of their competition. Tricor, as the leading business expansion specialist in Asia, will continue to leverage on our deep industry experience and expertise and assist our clients in succeeding in the new normal.