Fidelity International has acquired a stake in BC Group, the operator of OSL, one of Asia's largest digital nugget platforms for institutions. The company purchased 17 million shares for a 5.6% ownership position.

The purchase was revealed past a Hong Kong Stock Exchange (HKEx) disclosure filed on Feb. 17. The actual transaction occurred on Feb. 12. Fidelity International is reported to have purchased HK$110.5 million ($14.2 million) worth of BC Group shares at a price of HK$vi.50 ($0.83) each.

The buy is part of a $36 million share placement announced by BC Grouping in January. A related HKEx filing shows that 19 meg shares were issued on Feb. 12, making Fidelity International a directly investor into the Hong Kong business firm.

Fidelity representatives declined to annotate on the news.

BC Grouping is the operator of 2 major services: OSL, an institution-focused digital asset platform, and Branding China, a PR and marketing bureau.

What is OSL?

OSL is a digital nugget platform providing a variety of services for institutions interested in crypto avails. Information technology offers Software as a Service (SaaS) tools to interface with digital avails, Over the Counter (OTC) brokerage for big clients, custody services and an institutional digital asset exchange.

Commenting on the investment round, BC Group CEO Hugh Madden said:

"The raise represents a new phase of growth for the Grouping. It allows us to farther invest in key areas such as technology and compliance which will be essential as nosotros compete and win in this dynamic environment."

He emphasized that the digital asset marketplace is "going through a rapid changing of the guard." Focusing on the regulatory perspective, he added:

"Licensing frameworks in every major jurisdiction are rewarding only the strongest and nearly professional operators, and these firms will continue to capture market share from unlicensed players."