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OSL Group
wrote a column · Apr 1, 2022 17:51

OSL/BC Technology Group (863 HK) Monthly Investor Report - March

Dear investors: March is an exciting month. On March 29, BC Technology Group announced the audited full-year results for FY2021. The OSL platform has developed rapidly for three years, and OSL revenue increased 63% year over year to HK$278 million. OSL remains the Group's best-performing business and largest revenue contributor, accounting for 79% of the Group's total revenue, up 9% from last year, driving the Group's performance. The Group's revenue increased 44% year over year to HK$352 million, and gross profit increased 54% year over year to HK$303 million. Other FY2021 Group Financial and Operational Highlights：OSL's year-on-year growth accelerates Total trading volume on the OSL digital asset platform increased 73% year over year to HK$306 billion. OSL brokerage revenue increased 58% year over year to HK$254.5 million. OSL SaaS service fees increased 104% year over year to HK$10.1 million. The total assets of the OSL platform increased 44% year over year to HK$4 billion. FY2021 Group Business Highlights：OSL expands service supply and seizes market share In FY2021, the Group consolidated its financial position through two share allocations to enhance the platform's operational excellence. This allows OSL brokerages and exchanges to expand global channels, product/token families, and customer bases. OSLSaaS is also rapidly gaining global market share, establishing an iconic joint venture with Standard Chartered Venture Capital, a subsidiary of Standard Chartered, to serve the UK and Europe...
Dear investors:
March is an exciting month. On March 29, BC Technology Group announced the audited full-year results for FY2021. The OSL platform has developed rapidly for three years, and OSL revenue increased 63% year over year to HK$278 million.
OSL remains the Group's best-performing business and largest revenue contributor, accounting for 79% of the Group's total revenue, up 9% from last year, driving the Group's performance. The Group's revenue increased 44% year over year to HK$352 million, and gross profit increased 54% year over year to HK$303 million.
Other FY2021 Group Financial and Operational Highlights：OSL's year-on-year growth accelerates
Total trading volume on the OSL digital asset platform increased 73% year over year to HK$306 billion.
OSL brokerage revenue increased 58% year over year to HK$254.5 million.
OSL SaaS service fees increased 104% year over year to HK$10.1 million.
The total assets of the OSL platform increased 44% year over year to HK$4 billion.
FY2021 Group Business Highlights：OSL expands service supply and seizes market share
In FY2021, the Group consolidated its financial position through two share allocations to enhance the platform's operational excellence.
This allows OSL brokerages and exchanges to expand global channels, product/token families, and customer bases.
OSLSaaS is also rapidly gaining global market share, establishing an iconic joint venture with Standard Chartered Venture Capital, a subsidiary of Standard Chartered, to serve the UK and European markets; a series of newly signed first-class customers in South America, Mongolia and other markets.
The Group's impressive performance is due to focused global expansion and the turbulence of regional and global macro securities markets, which prove the effectiveness of the compliance-first digital asset market business model and strategy.
OSL is now a well-known brand and is widely regarded as a leading platform for compliance, security, and transparency.
The performance materials have been uploaded to the company's website for easy access by investors.
Business progress
Here's how OSL's trading volume has been in the past three months*:
Dear investors: March is an exciting month. On March 29, BC Technology Group announced the audited full-year results for FY2021. The OSL platform has developed rapidly for three years, and OSL revenue increased 63% year over year to HK$278 million. OSL remains the Group's best-performing business and largest revenue contributor, accounting for 79% of the Group's total revenue, up 9% from last year, driving the Group's performance. The Group's revenue increased 44% year over year to HK$352 million, and gross profit increased 54% year over year to HK$303 million. Other FY2021 Group Financial and Operational Highlights：OSL's year-on-year growth accelerates Total trading volume on the OSL digital asset platform increased 73% year over year to HK$306 billion. OSL brokerage revenue increased 58% year over year to HK$254.5 million. OSL SaaS service fees increased 104% year over year to HK$10.1 million. The total assets of the OSL platform increased 44% year over year to HK$4 billion. FY2021 Group Business Highlights：OSL expands service supply and seizes market share In FY2021, the Group consolidated its financial position through two share allocations to enhance the platform's operational excellence. This allows OSL brokerages and exchanges to expand global channels, product/token families, and customer bases. OSLSaaS is also rapidly gaining global market share, establishing an iconic joint venture with Standard Chartered Venture Capital, a subsidiary of Standard Chartered, to serve the UK and Europe...
Dear investors: March is an exciting month. On March 29, BC Technology Group announced the audited full-year results for FY2021. The OSL platform has developed rapidly for three years, and OSL revenue increased 63% year over year to HK$278 million. OSL remains the Group's best-performing business and largest revenue contributor, accounting for 79% of the Group's total revenue, up 9% from last year, driving the Group's performance. The Group's revenue increased 44% year over year to HK$352 million, and gross profit increased 54% year over year to HK$303 million. Other FY2021 Group Financial and Operational Highlights：OSL's year-on-year growth accelerates Total trading volume on the OSL digital asset platform increased 73% year over year to HK$306 billion. OSL brokerage revenue increased 58% year over year to HK$254.5 million. OSL SaaS service fees increased 104% year over year to HK$10.1 million. The total assets of the OSL platform increased 44% year over year to HK$4 billion. FY2021 Group Business Highlights：OSL expands service supply and seizes market share In FY2021, the Group consolidated its financial position through two share allocations to enhance the platform's operational excellence. This allows OSL brokerages and exchanges to expand global channels, product/token families, and customer bases. OSLSaaS is also rapidly gaining global market share, establishing an iconic joint venture with Standard Chartered Venture Capital, a subsidiary of Standard Chartered, to serve the UK and Europe...
On March 9, Hu Zhenbang became the Group's Chief Financial Officer. The appointment received attention and coverage from many media outlets.
On March 10, Wayne Trench published an industry insight article on US President Joe Biden's iconic executive order on digital assets:
“OSL welcomes the executive order issued by Biden as an inevitable part of regulating the global digital asset ecosystem and the beginning of a new era of digital asset finance. OSL has embedded compliance into its DNA, and running a global compliance business is the cornerstone of our growth strategy.”
- Wayne Trench, CEO of OSL
In addition, the leadership of OSL and BC Technology Group published the following unique opinions and management analysis in well-known media and marketing events:
Jeff Howard, head of sales at OSL North America, published the title “Unfreeze 'Crypto Winter 2.0'” on the Alternatives Watch website.
On March 11, Diao Jiajun, executive director and head of regulatory affairs of BC Technology Group, shared the topic at the Hong Kong Securities and Investment Society on virtual assets: Hong Kong's developing virtual asset regulatory system and its impact on financial institutions.
On March 14, BC Technology Group Chief Financial Officer Hu Zhenbang was interviewed by CorporateTreasurer to discuss being appointed as Group Chief Financial Officer.
On March 23, OSLDS Director Jean-David Péquignot attended the EmergentX 2022 Digital Asset Summit seminar on the topic “Institutionalizing the Digital Asset Market - First-Line Insights from Virtual Asset Service Providers and Allocators”.
On March 25, OSL Americas Director Fernando Martinez was interviewed by CoinDesk TV to discuss US President Joe Biden's announcement on gas supply (17th minute).
On March 28, BC Technology Group General Counsel Karen So delivered a speech at the “Rise of Cryptocurrency” event hosted by the Hong Kong International Arbitration Center.
On March 30, BC Technology Group Vice Chairman Lu Jianbang and Head of Market Development Zhou Xiaoyin attended the Private Wealth Management Association event to discuss the Hong Kong Securities Regulatory Commission - HKMA joint circular on virtual asset-related activities of intermediaries.
On March 31, OSLDS director Jean-David Péquignot and sales executive Ryan Miller shared cryptocurrency agency insights with EquitiesFirst.
Digital asset market development
Biden's executive order on digital assets has drawn quite a bit of backlash, but this isn't the only major regulatory move this month. On March 21, the Australian Government announced a thorough inspection of local payment infrastructure, emphasizing the regulation of digital assets and cryptocurrencies. Shortly thereafter, ANZ Bank became the first bank to release an Australian dollar stablecoin — A$DC. On March 23, the Prime Minister of the Malaysian Government proposed that the country should adopt Bitcoin as legal tender. Honduras has also indicated that this is its intention.
The Ukrainian-Russian conflict and its continuing impact on commodity and securities markets also made headlines in March. Digital assets also occupy quite a bit of space, continuing to dispel people's speculations about how they will react in this situation. As many have predicted, cryptocurrencies have not been used as a means to evade sanctions, and the market capitalization and price stability of mainstream coins have continued, contrary to the view that “Bitcoin is a risk-related asset.”
This month is notable for one of the biggest security incidents in the industry's history — on March 29, hackers stole $600 million from the Ronin Network of the online game Axie Infinity. There was little reaction from the market. Bitcoin and Ethereum rose slightly by 0.75% and 2%, respectively, on the same day.
“Traditional” financial institutions have also not stopped entering the digital asset industry. On March 3, Charles Schwab submitted an application for a cryptocurrency index ETF; on March 21, Goldman Sachs became the first major US bank to trade cryptocurrency spot and partnered with Galaxy Digital; hedge fund billionaire Ken Griffin acknowledged that he had changed his views on cryptocurrencies and indicated that Citadel may soon enter the digital asset market.
On March 8, Bain Capital Ventures announced that it will establish a fund worth 650 million US dollars to focus on crypto-related investments. The Hong Kong Stock Exchange revealed in late March that it plans to launch the “Diamond” project in late 2022 — an ESG-focused digital asset trial operation trading platform.
As global digital asset regulation progresses well and integrates into the mainstream, OSL has further strengthened its position and remains one of the most compliant and advanced digital asset companies in the world.
If you have any questions about BC Tech Group OSL's recent business developments, digital asset markets, regulatory developments, or monthly investor reports, feel free to contact BC Tech Group and the OSL team.
Best wishes!
Dave Chapman
Executive Director
BC Technology Group (Hong Kong Stock Exchange: 863)

*Disclaimer: The total trading volume of the platform is an estimate of the total volume of all trading activity within the time period specified by the OSL platform. The trading volume of the platform has not been audited. Based on various assumptions and algorithms, there may be changes, and there may also be adjustments and amendments released later. Source: Cryptocompare as of March 30, 2022.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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