Crypto

Fidelity International Acquires a Stake in a Major Asian Crypto Exchange

Digital asset platforms have proven to be of great interest to financial service providers. Even Fidelity International is getting in on the action. 

The investment management firm has acquired

a relatively big stake in OSL.

Fidelity International Makes its Move

That latter company is a major digital asset platform in Asia, primarily catering to professional investors.

It is believed that a total sum of just over $14 million is involved in this transaction.

In exchange for the money, Fidelity International will receive 17 million shares of BC Technology Group Ltd. 

Despite the large sum involved, Fidelity will acquire 5.6% of the company’s shares.

Among Asian digital asset companies, OSL is widely considered to be one of the biggest players.

Related Post

Their cryptocurrency exchange service has attracted a lot of positive attention over the years.

With this investment by Fidelity International, the company can continue to expand its presence in various regions.

Asia has always proven to be an interesting region to Fidelity International, as it represents a chunk of its client assets under management.

This move is another validation of cryptocurrencies and related services.

More and more financial players show an interest in companies, services, and products associated with Bitcoin and digital assets.

As such, big things seem to loom on the horizon. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

BTC ATH Close After Major Bullish Move, Top Analyst Still Thinks ALGT is a Better Choice

In the constantly fluctuating cryptocurrency market, Bitcoin (BTC) has stolen the spotlight with a dramatic…

3 hours ago

Fidelity Pursues Ethereum ETF Despite Potential SEC Hurdles

Fidelity Investments has taken a bold step in the cryptocurrency market by submitting a Form…

5 hours ago

Dogecoin Surges To New Heights Amidst Memecoin Frenzy

In an unexpected turn of events, Dogecoin, the beloved dog-themed memecoin, has skyrocketed to its…

5 hours ago

AGIX Token Unlock Boosts JasmyCoin Surge: BDAG Sold 4000+ Miners

BlockDAG Flies High with 4100 Home Miners Sold! AGIX Token Unlock Causes Frenzy! Jasmycoin Witnessing…

18 hours ago

From Rags to Riches: The Story of $100 Growing Into $200K with Bitgert Coin

There have been a series of success stories about cryptocurrency making new millionaires. We’ve heard…

18 hours ago

Rising Expectations: Expert Forecasts BEFE Coin Reaching $0.01

The current bull run is still in the early stages, and the pace of inflows…

18 hours ago