Hong Kong Regulated Exchange OSL Places Digital Bonds

Hong Kong-based regulated bitcoin exchange OSL has launched a US dollar-denominated Ethereum-based coupon bond issue.

The issue volume is not specified. Each token is equivalent to $10,000. There is a base and bonus coupon, which is tied to the dynamics of bitcoin. Repayment is provided in three months.

The STO issue is placed among professional investors. Animoca Brands, Head & Shoulders Financial Group, China Fortune Financial Group, Volmart, and Monmonkey Group Asset Management.

OSL Digital Securities became the first SFC-registered Type 1 digital asset broker to implement an STO, according to a press release.

OSL provided the service as a package, acting as a bookrunner, placement agent, tax and payment agent, transfer agent, registrar, settlement agent, tokenization technology partner, and marketplace.

The company noted that the initiative would pave the way for issuing and distributing tokenized securities to licensed financial intermediaries in Hong Kong.