Today, Hong Kong-listed digital asset firm BC Group announced it raised $36 million in a share placement.
BC Group has developed a digital asset platform OSL. It offers software as a service for investor onboarding, as well as brokerage, custody, and an exchange for digital assets. OSL’s revenues in the six months ending June 30, 2019, are almost five times the figure for the second half of 2018, although the firm didn’t clarify the scale of the starting figure.
“Licensing frameworks in every major jurisdiction are rewarding only the strongest and most professional operators, and these firms will continue to capture market share from unlicensed players,” said Hugh Madden, CEO of BC Group.
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