OSL CFO Hu Zhenbang: Listed companies have begun to allocate crypto assets through licensed exchanges

At the "FireNow" Asian Web3.0 Institutional Summit hosted by New Fire Technology Holdings Limited, OSL Group CFO Hu Zhenbang shared his views on the development status of Hong Kong's compliant licensed exchanges. He said that since June 1, the business of Hong Kong's compliant licensed exchanges has increased significantly, including some traditional financial listed companies and fund companies that have begun to configure crypto assets through licensed exchanges to meet compliance and various audit requirements. Hu Zhenbang added that in the future, if more and more cryptocurrency-related products are to become a reality, it is necessary to adjust Hong Kong's existing regulatory framework accordingly. At present, in terms of compliance framework, Japan and South Korea have a richer variety of product types, which should become the focus of Hong Kong's next development; in addition, Hong Kong has made many attempts in the fields of RWA (real asset tokenization) and STO (security token issuance), and a large number of intermediaries have shown great interest in this. This is undoubtedly a market with huge potential, but its further development requires a clearer and more defined framework.