1 year ago
BC Technology Group is weighing the merchantability of its crypto speech OSL astatine a valuation of 1 cardinal Hong Kong dollars ($128 million), according to a study by Bloomberg connected Monday.
OSL offers premier brokerage, speech and custody of crypto assets, arsenic good arsenic infrastructure for fiscal institutions to connection integer plus trading. BC Technology whitethorn elite to merchantability parts of OSL's concern alternatively than the full entity, according to the report, citing radical acquainted with the matter.
The radical added that BC's deliberations are ongoing and determination is warrant that a woody volition travel to pass.
The speech is one of 2 to person won crypto licenses successful Hong Kong nether the region's caller regulatory authorities introduced successful June, the different being HashKey. The exertion process is thought to person been expensive, however, costing the companies betwixt $12-20 million, individuals acquainted with the substance told CoinDesk successful August.
BC Technology did not instantly respond to CoinDesk's petition for comment.
Edited by Oliver Knight.
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