Financial service and investment platforms are venturing into the cryptocurrency industry. A recent report from fidelity international has revealed a colossal investment partnership with one of Asia’s crypto big players, OSL crypto exchange firm. The investment package has it that fidelity international bought 17 million shares of the Hong Kong crypto exchange platform. The implication of this is that the investment platform now has a 5.6 percent stake in one of Asia’s largest digital asset operators, the BC Group.
Why invest in the OSL crypto exchange firm?
The BC Group boasts of two major platforms providing services in the Asian region. The OSL digital assets platform and the branding china marketing and public relations agency. As a heavyweight in the cryptocurrency exchange market in the Asian region, OSL is a household name among crypto investors and traders, who use the over the counter brokerage service, custody service, and the trading and exchange services of the company. Speaking ion the investment with fidelity international, the BC Group CEO Hugh Madden said:
“We are excited to see that world-class equity investors are increasingly participating in the fast-growing digital asset sector, and we look forward to reaching new milestones with our industry-leading institutional investors”.
He claims their partnership will ensure a renewed leverage on their goals of reaching new targets. In addition to the stock purchase of OSL crypto exchange, another firm in the fashion and jewelry industry, Eternity Investment Limited, also based in Hong Kong, bought a stake in the crypto company.
About Fidelity international
Fidelity International is an investment company that manages the assets of its clients. The company boasts of having over 418 million US dollars in investments across Europe, Asia, the middle east, and South America. The investment firm has recently decided to diversify into the crypto industry to further serve its numerous clients better.
Featured image by Pixabay.