Hong Kong OSL Asset Management secures license to offer AI, Web3, and blockchain investments


Hong Kong-based OSL Asset Management Limited (OSLASM) has announced the receipt of a license from the chief securities regulator authorizing it to dabble in blockchain technology and artificial intelligence (AI).

The firm confirmed that it will be plowing its resources into creating a new fund in the coming months to invest in novel technologies. Exact details concerning the fund were not disclosed in the press release, but Deputy Chairman Ken Lo stated that blockchain, AI, and Web3 would take center stage.

“We are thrilled to have received the Type-9 asset management license, which reflects our commitment to compliance and excellence in the digital asset space. This achievement empowers us to explore new frontiers in blockchain and AI, creating value for our clients and shaping the future of the industry,” said Lo.

Hong Kong’s Securities and Futures Commission (SFC) granted OSLASM the license in early May, giving the green light to the firm to carry out Types 1, 4, and 9 regulated activities in the region. The new license sees the firm continue its innovative streak, being…

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