OSL and Fosun Wealth Holdings Partnership
In a significant development within the cryptocurrency landscape, OSL (863.HK), a publicly traded entity in Hong Kong specializing in crypto assets, has formed a notable alliance with Fosun Wealth Holdings, the financial arm of Fosun International. This partnership is set to enhance Fosun Wealth Holdings’ offerings by integrating OSL’s Omnibus service, which will enable the provision of secure, compliant, and institutional-grade trading solutions for virtual assets to its clientele.
Implementation of Compliance Measures
OSL, which operates as a licensed and insured cryptocurrency platform in Hong Kong, will implement a comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) process, alongside a robust risk management framework and custody solutions built to insurance standards. These capabilities are designed to empower Fosun Wealth Holdings in expanding its over-the-counter (OTC) services for virtual assets, thereby enhancing its adaptability in a rapidly evolving market and regulatory environment.
Statements from Company Leaders
Zhang Yinghua, Chief Business Officer of OSL, emphasized that this collaboration signifies a vital fusion between traditional finance and the evolving Web3 ecosystem.
Cheng Kang, the CEO of Fosun Wealth Holdings, remarked that digital assets are poised to play a crucial role in global asset diversification, and this partnership will significantly advance Fosun’s strategic goals in the Web3 domain.
Future Plans
As they move forward, both organizations plan to deepen their cooperation across technical and resource dimensions, aiming to foster compliance and encourage the institutional integration of the cryptocurrency market not only in Hong Kong but throughout Asia.
